A new generation of MAGA millionaires.

That’s what President Donald Trump is claiming to deliver with his flagship ‘Trump accounts,’ which will provide children born between January 1, 2025, and December 31, 2028 with a tax-advantaged investment of $1,000.

Provided to newborns by the Department of Treasury, the $1,000 stipend could be built on with up to $5,000 annual investments.  

‘If we make maximum contributions to our child’s Trump account, the projected value will be nearly $1.1 million by the time they are 28 years old,’ Press Secretary Karoline Leavitt said at an event celebrating Trump accounts on Wednesday. 

According to data from Bureau of Labor Statistics (BLS) and major financial institutions, approximately 45 to 55 percent of American households are in a financial position to invest $5,000 annually.

Leavitt, who carries an annual salary of $195,200, said she would be signing up her daughter – due to be born in May – for a Trump account.  

According to the Council of Economic Advisors, under a scenario of average stock market returns for a baby born in 2026, and with maximum contributions, the balance of the Trump accounts for a child turning 18 could be as high as $300,000 and as high as $1.1 million by age 28. 

Without any contributions, a child with a Trump account can expect to have $18,000 when they turn 28. 

The venture is backed by scores of private companies and business leaders, including Michael and Susan Dell, Broadcom, JP Morgan Chase, Bank of America, SoFi, Charter Communications, BNY, BlackRock, Robinhood, Charles Schwab and more.

‘Over the next 15 years, we’re going to put $3 to $4 trillion of wealth into the hands of young Americans,’ Trump said at the event. 

‘Under this program, the US government will automatically create a tax-free investment account for every newborn American … and fund those personal accounts with a seed contribution of $1,000, which will compound and grow over the course of their lives.’

While the administration touts the accounts as a universal ladder to the American Dream, critics argue the $5,000 annual contribution cap effectively transforms a public benefit into a private tax shelter that will exponentially widen the wealth gap between affluent families and those living paycheck-to-paycheck.

In attendance were several stars, namely rapper Nicki Minaj, who Trump pulled up on stage for brief remarks and Kevin O’Leary, the host of SharkTank. 

The program was supported early on by investor Brad Gerstner, who has touted the accounts as a way to lower the wealth gap in the US. 

Parents can enroll in the program, which officially launches on July 4, 2026, using an online portal, the president said. 

‘Decades from now, I believe the Trump accounts will be remembered as one of the most transformative policy innovations of all time,’ Trump remarked. 

The president’s pitch comes as his administration has struggled with messaging on affordability and inflation. 

The latest Daily Mail/JR Partners poll found that a majority, 53 percent, of Americans disapprove of how the administration is handling inflation. Just 33 percent approved. 

Further, 51 percent disapprove of the state of the economy, while just 36 percent approve.