Treasury Secretary Scott Bessent says President Trump’s “Trump Accounts” will transform financial literacy for working families and set up the next generation for prosperity by giving every American newborn a stake in the economy and a pathway to long-term wealth.
Speaking with Breitbart News, Bessent asserted the initiative is a direct response to growing economic disenfranchisement. “Why are we on the verge of Caracas on the Hudson in New York? Young people are disillusioned with the system,” Bessent remarked, referring to rising socialist rhetoric among far-left politicians including Omar Fateh and Zohran Mamdani.
The Trump Accounts initiative, launched as part of President Trump’s signature One Big Beautiful Bill, provides a $1,000 seed investment for every newborn American and allows up to $5,000 in annual private
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