{"id":126,"date":"2026-05-28T16:14:59","date_gmt":"2026-05-28T16:14:59","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=126"},"modified":"2026-05-28T16:14:59","modified_gmt":"2026-05-28T16:14:59","slug":"treasury-debuts-app-for-billionaire-backed-trump-accounts","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=126","title":{"rendered":"Treasury Debuts App For Billionaire-Backed Trump Accounts"},"content":{"rendered":"
\n

Big Number<\/h2>\n

Nearly 6 million. That\u2019s how many children have signed up for Trump Accounts, Treasury Secretary Scott Bessent said on Wednesday.<\/p>\n

Read more White House UFC Event: Who\u2019s Really Going\u2014And How Much It Costs<\/a><\/p>\n

Who Is Eligible For A Trump Account?<\/h2>\n

All U.S. children with a Social Security number and children born between 2025 and 2028 are eligible for an initial $1,000 deposit from the Treasury. Those born before 2025 do not qualify for the initial contribution. Any child 10 or under born before Jan. 1, 2025, could receive $250 if they live in a ZIP code where the median income is $150,000 or less, following a $6.25 billion pledge from billionaire Dell CEO Michael Dell and his wife, Susan. Billionaire Ray Dalio also committed to funding $250 per child for about 300,000 children in Connecticut.<\/p>\n

Read more Caesars\u2014A Las Vegas Landmark\u2014Will Be Sold For Nearly $6 Billion<\/a><\/p>\n

Key Background<\/h2>\n

The Trump Account program, or the previously named \u201cMAGA Accounts,\u201d was part of President Donald Trump\u2019s One Big Beautiful Bill Act last year. Parents or legal guardians must opt into the program by filing an IRS form for a qualifying child, and other account custodians can contribute up to an additional $5,000 per child annually in post-tax funds. Any child under 18 with a Social Security number is also eligible, though they will not receive the $1,000 in seed funds. Contributions will begin on July 4, and beneficiaries can withdraw up to 50% of the account balance by age 18, with additional access at age 25 for qualified purposes, such as small business loans and higher education expenses. Full control is granted at age 30 for any use. Economic policy researchers have argued the accounts would be unable to provide funding for financially vulnerable children, including New York University\u2019s Tax Law Center, which wrote last year the structure of the accounts is risky for children whose funds may be needed for education or a home at age 18. Jin Huang, a social policy professor at Washington University in St. Louis, warned that because the Treasury requires parents to enroll their children, tens of millions of kids may never receive benefits. <\/p>\n

Read more White House Remembers Slain Gorilla Harambe As A \u2018Legend\u2019 On Tenth Anniversary Of Death<\/a><\/p>\n

Further Reading<\/h2>\n

Forbes<\/span>Billionaires May Be Allowed Stock Donations\u2014With Tax Benefits\u2014To Trump Accounts<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/p>\n

<\/div>\n

Forbes<\/span>Here’s Who Qualifies For The Dell-Funded Trump Accounts<\/span>By Ty Roush<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Nearly 6 million children have signed up for the investment accounts.<\/p>\n","protected":false},"author":1,"featured_media":125,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nTreasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=126\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"Nearly 6 million children have signed up for the investment accounts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=126\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T16:14:59+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"Treasury Debuts App For Billionaire-Backed Trump Accounts\",\"datePublished\":\"2026-05-28T16:14:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126\"},\"wordCount\":400,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/0a4891fee42254c6170d33686e557c08.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126\",\"name\":\"Treasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/0a4891fee42254c6170d33686e557c08.webp\",\"datePublished\":\"2026-05-28T16:14:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#primaryimage\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/0a4891fee42254c6170d33686e557c08.webp\",\"contentUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/0a4891fee42254c6170d33686e557c08.webp\",\"width\":1599,\"height\":900},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=126#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Treasury Debuts App For Billionaire-Backed Trump Accounts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#website\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/\",\"name\":\"Coast to Coast Movers\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/coasttocoastmoverss.com\"],\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Treasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coasttocoastmoverss.com\/?p=126","og_locale":"en_US","og_type":"article","og_title":"Treasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers","og_description":"Nearly 6 million children have signed up for the investment accounts.","og_url":"https:\/\/coasttocoastmoverss.com\/?p=126","og_site_name":"Coast to Coast Movers","article_published_time":"2026-05-28T16:14:59+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coasttocoastmoverss.com\/?p=126#article","isPartOf":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126"},"author":{"name":"admin","@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b"},"headline":"Treasury Debuts App For Billionaire-Backed Trump Accounts","datePublished":"2026-05-28T16:14:59+00:00","mainEntityOfPage":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126"},"wordCount":400,"commentCount":0,"image":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126#primaryimage"},"thumbnailUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/05\/0a4891fee42254c6170d33686e557c08.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coasttocoastmoverss.com\/?p=126#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coasttocoastmoverss.com\/?p=126","url":"https:\/\/coasttocoastmoverss.com\/?p=126","name":"Treasury Debuts App For Billionaire-Backed Trump Accounts - Coast to Coast Movers","isPartOf":{"@id":"https:\/\/coasttocoastmoverss.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126#primaryimage"},"image":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126#primaryimage"},"thumbnailUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/05\/0a4891fee42254c6170d33686e557c08.webp","datePublished":"2026-05-28T16:14:59+00:00","author":{"@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b"},"breadcrumb":{"@id":"https:\/\/coasttocoastmoverss.com\/?p=126#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coasttocoastmoverss.com\/?p=126"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coasttocoastmoverss.com\/?p=126#primaryimage","url":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/05\/0a4891fee42254c6170d33686e557c08.webp","contentUrl":"https:\/\/coasttocoastmoverss.com\/wp-content\/uploads\/2026\/05\/0a4891fee42254c6170d33686e557c08.webp","width":1599,"height":900},{"@type":"BreadcrumbList","@id":"https:\/\/coasttocoastmoverss.com\/?p=126#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coasttocoastmoverss.com\/"},{"@type":"ListItem","position":2,"name":"Treasury Debuts App For Billionaire-Backed Trump Accounts"}]},{"@type":"WebSite","@id":"https:\/\/coasttocoastmoverss.com\/#website","url":"https:\/\/coasttocoastmoverss.com\/","name":"Coast to Coast Movers","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coasttocoastmoverss.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coasttocoastmoverss.com\/#\/schema\/person\/266a8d2ebdac9f8b4354d52dead7fa6b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/coasttocoastmoverss.com"],"url":"https:\/\/coasttocoastmoverss.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126"}],"version-history":[{"count":0,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/posts\/126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=\/wp\/v2\/media\/125"}],"wp:attachment":[{"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coasttocoastmoverss.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}