Did anyone else receive this email from the Social Security Administration? This whole thing sounds like a scam. The philanthropist donor list is also…something too.
Last year, President Donald J. Trump signed into law the Working Families Tax Cuts, which included a historic tax cut for America’s seniors. That law also created Trump Accounts, individual investment accounts for America’s children designed to grow with the U.S. economy and build long-term savings.
Today, nearly 70 million Trump Accounts are open for all American children. Parents and legal guardians simply need to claim their child’s Trump Account through the official Trump Accounts app, available to download for free in the Apple App Store and Google Play.
Once activated, the account can receive funds from family, friends, and employers, as well as gifts from generous donors. Tens of millions of accounts already have money contributed by donors in them, just waiting to be claimed.
At Social Security, we are informing families about how they can activate their child’s Trump Account—many accounts with money already in them. We are also communicating with parents of newborns about the one-time $1,000 contribution from the U.S. Treasury, available to children born between Jan. 1, 2025, and Dec. 31, 2028.
Trump Accounts are one of the most significant investments in the next generation of Americans in our nation’s history, by giving every American child a stake in our country’s success and a strong financial foundation for the future.
To learn more about Trump Accounts, visit TrumpAccounts.gov.
My coworkers were talking about this when it passed.
I’m all for people taking advantage of programs that are beneficial, but this just screams “creating yet another government registry”.
Agreed, this just comes off as a nefarious way to track people’s kids, and possibly use them as exit liquidity when the financial rug gets pulled…
What do you mean exit liquidity?
Use these accounts to fund certain companies or index funds that favor ai companies or special interest companies that are high risk or in a bubble, buying in at peaks to prop up the company which allows founders/ceo’s to pull their wealth out of the company as cash and bestow the debt upon the shareholders. See below