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Bessent provides a Trump Account update.

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Bessent provides a Trump Account update.

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18 segments

0:00

One of the goals of the Trump accounts

0:01

is the chance to build long-term wealth.

0:03

This is a lowest cost index fund.

0:06

Children who were born during President

0:07

Trump's term will get a thousand dollars

0:09

seed investment. We've got about six

0:11

million sign-ups so far, about 1.4

0:13

billion eligible for the thousand

0:16

dollars seed. Susan and Michael Dell

0:17

have contributed 6.25 billion dollars as

0:20

of about 250 dollars per child. One of

0:22

the founders of SpaceX had contributed

0:25

two million of her share.

0:26

Philanthropists can, you know, at a

0:28

certain level contribute single single

0:31

stock block. And you know, I think it's

0:33

the importance here of financial

0:35

literacy.

Interactive Summary

The video discusses the Trump accounts initiative, an index fund aimed at building long-term wealth for children born during the Trump administration through seed investments and philanthropic contributions.

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