Under the One Big Beautiful Bill Act, eligible children born during President Trump’s current term would receive a $1,000 “Trump account,” which would be opened by the US Department of the Treasury and managed in the private market. Madeline Brown, a wealth and financial well-being expert at the Urban Institute, told CBS MoneyWatch that while automatic enrollment in the program is key to reaching households with the lowest incomes, ongoing contributions into the accounts of kids from the lowest-income families would make the program better. She said that “unless additional contributions come from the community, the federal government or state governments, we're not likely to see these accounts grow to the sums that we're saying are qualified uses,” such as those needed for tuition or a down payment.

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