How do ‘Trump accounts’ work – and who will benefit?

Donation of $6.25bn for children's investment accounts prompts wave of questions - but details remain scarce

A tech billionaire and his wife said on Tuesday they would pour $6.25bn into individual investment accounts for 25 million children under 10, prompting a wave of new questions about how these so-called Trump accounts" will work.

The creation of these accounts was included as part of Donald Trump's massive tax and spending bill, which he signed into law in July. Every child born between 1 January 2025 and 31 December 2028, can receive a Trump account that includes a $1,000 initial deposit from the administration. The money will then be invested.