The White House issued a National Financial Literacy Month message urging Americans to improve financial literacy and pointing to administration policies and programmes intended to increase household resources and expand access to financial education. The statement cited the One Big Beautiful Bill, described as delivering major tax cuts for the middle class, including no tax on tips and no tax on overtime. It also highlighted the creation of “Trump Accounts”, providing USD 1,000 to every child born between 1 January 2025 and 31 December 2028, placed into a long-term savings account overseen by parents until age 18, when funds could be used for higher education, buying a first home, or starting a business. The message also reiterated support for blockchain and digital finance and referenced US Department of the Treasury efforts to expand free financial education resources, including the Federal Deposit Insurance Corporation’s Money Smart programme.
The White House 2026-04-07
United States' White House promotes National Financial Literacy Month and $1,000 Trump Accounts for children born 2025-2028
The White House issued a National Financial Literacy Month message urging Americans to improve financial literacy and highlighting policies to increase household resources and access to financial education. The statement referenced the One Big Beautiful Bill’s middle-class tax cuts, creation of “Trump Accounts” providing USD 1,000 to eligible newborns for long-term savings, support for blockchain and digital finance, and US Department of the Treasury initiatives such as the Federal Deposit Insurance Corporation’s Money Smart programme.