Starting this week, your newborn will automatically receive a Trump Account—a new type of savings and investment account set up by the federal government. Six million babies are already enrolled, and each eligible child is getting a one-time $1,000 contribution to start.

Think of it like this: the government is opening a piggy bank for your newborn that can grow over time through investment, not just sit there collecting dust.

How It Works

When your baby is born in a hospital, the staff will set up a Social Security number—they already do that. Now, starting July 6, 2026, hospitals will also automatically open a Trump Account at the same time. You don't need to do anything or fill out extra forms.

The account will contain the $1,000 government contribution that started going in on July 4, 2026. From there, the money grows—similar to how money in a savings account or investment fund grows over time.

If you want to add your own money to your child's account later, you can. But you don't have to. The account will still grow whether you contribute more or not.

If you're having a baby outside a hospital or want to open an account another way, you can use IRS Form 4547, available at TrumpAccounts.gov.

The $1,000 and How Long It Lasts

The federal government is putting in $1,000 for each child born between January 1, 2025, and December 31, 2028. After that date, the government hasn't said whether the program will continue.

With roughly 3.6 million babies born in the U.S. each year, this four-year window means the federal government will spend around $14 billion total if most families take part.

What You Need to Know

SSA Commissioner Frank J. Bisignano is overseeing the rollout from Baltimore, MD. The government deliberately chose July 4—Independence Day—for the first contributions, and also announced the program alongside a separate effort to issue commemorative birth cards for newborns marking America's 250th anniversary.

This program is similar to ideas that have circulated for years in policy discussions, often called "baby bonds." Some other countries, like the UK, have tried versions of this. What makes this one different is that it's automatic—connected to the moment your baby gets a Social Security number at birth. That means nearly every newborn will get one without parents having to sign up.

Some details haven't been announced yet. Nobody knows for certain what investment choices you'll have, how much you can add to the account beyond the $1,000, or when your child can actually withdraw the money. Those specifics should come from the IRS and other government agencies in the coming weeks.

The simplest way to think about this: the government has opened a long-term investment account for your newborn and deposited $1,000 as a starting gift. From there, it grows. Later on—likely when your child turns 18 or reaches retirement age—they'll be able to access the money.