The United States government has initiated 'Trump Accounts,' a federal investment program designed to facilitate long-term capital accumulation for minors.

美國政府啟動了「川普帳戶」，這是一項聯邦投資計劃，旨在促進未成年人的長期資本積累。

The program was established via the One Big Beautiful Bill Act of July 2025 and commenced operations on July 4, 2026. Under the current regulatory framework, U.S. citizens born between January 1, 2025, and December 31, 2028, are eligible for a $1,000 federal seed contribution. These funds are deposited into diversified stock market index funds, primarily targeting American equities. For children born prior to this window, a $250 contribution is available to those in zip codes with a median family income below $150,000, funded by a $6.25 billion donation from Michael and Susan Dell.

該計劃根據 2025 年 7 月的《一個偉大美麗法案》（One Big Beautiful Bill Act）設立，並於 2026 年 7 月 4 日開始運作。在目前的監管框架下，2025 年 1 月 1 日至 2028 年 12 月 31 日之間出生的美國公民，有資格獲得 1,000 美元的聯邦種子資金。這些資金將被存入多元化的股市指數基金，主要針對美國股票。對於在此期間之前出生的兒童，若其所在郵遞區的家庭收入中位數低於 150,000 美元，可獲得 250 美元的撥款，該筆資金由 Michael 和 Susan Dell 捐贈的 62.5 億美元提供。

Stakeholder positioning reveals a complex reception. Maryland Governor Wes Moore characterized the policy as a 'smart' instrument for mitigating child poverty and the racial wealth gap, despite expressing dissatisfaction with the program's nomenclature. Conversely, analysts from the Cato Institute and Stanford University have raised concerns regarding fiscal efficiency and wealth disparity. Specifically, the lack of tax-deductibility for family contributions and the taxation of gains as ordinary income—rather than at capital gains rates—may render these accounts less advantageous than 529 plans or taxable brokerage accounts. Furthermore, modeling suggests a significant divergence in outcomes between families utilizing only the seed deposit and those maximizing the $5,000 annual contribution limit.

持份者的定位顯示出複雜的反應。馬里蘭州州長 Wes Moore 將該政策描述為減輕兒童貧困和種族財富差距的「聰明」工具，儘管他對該計劃的命名表示不滿。相反，來自 Cato 研究所和史丹福大學的分析師則對財政效率和財富差距表示擔憂。具體而言，家庭供款缺乏稅務抵免，且收益被視為普通所得而非按資本利得率徵稅，這可能使這些帳戶比 529 計劃或可課稅的經紀帳戶較不具優勢。此外，模型顯示，僅利用種子存款的家庭與將 5,000 美元年度供款上限最大化的家庭之間，結果將存在顯著差異。

Administrative logistics are managed through a partnership between the Treasury Department, Robinhood, and the Bank of New York. Contributions may be sourced from parents, employers, and non-profit entities. Several corporations, including Micron, Mastercard, Uber, and Visa, have announced matching or direct contribution initiatives. Funds remain inaccessible until the beneficiary reaches age 18, at which point the account converts to a traditional IRA. Withdrawals prior to age 59.5 generally incur a 10 percent penalty in addition to standard income tax.

行政後勤由財政部、Robinhood 和紐約銀行合作管理。供款可來自父母、雇主及非營利實體。包括美光 (Micron)、萬事達卡 (Mastercard)、Uber 和 Visa 在內的數家公司已宣布採取配對或直接供款計劃。資金在受益人年滿 18 歲前無法取出，屆時帳戶將轉換為傳統 IRA。在 59.5 歲前提取資金，除標準所得稅外，通常還需支付 10% 的罰金。

Trump Accounts are currently operational, with approximately 6 million families enrolled as of early July.

川普帳戶目前已在運行，截至 7 月初，約有 600 萬個家庭加入。