Michael and Susan Dell

President Donald Trump visited a high school in Cobb County to promote 'Trump Accounts,' a savings initiative providing $1,000 deposits for children born during his presidency if parents open accounts. The program, part of the One Big Beautiful Bill Act, has enrolled seven million children, with critics questioning its fiscal conservatism and effectiveness.

The architect of Trump Accounts, Brad Gerstner, stated that President Donald Trump aims to automatically enroll up to 70 million American children under 18 into investment accounts. The program, currently opt-in, would require collaboration with government agencies to use Social Security numbers for auto-enrollment, with contributions from private donors and corporations.

Gwynne Shotwell, SpaceX president and COO, announced donating SpaceX stock to Trump Accounts for 2 million US children. The donation follows President Trump's prediction that Elon Musk would contribute stock to the program, though Musk has not publicly commented. Shotwell emphasized targeting children in lower-income areas near their Texas home, with the gift valued at approximately $320 million based on current SpaceX stock prices.

First lady Melania Trump and Treasury Secretary Scott Bessent announced Fostering the Future Accounts, a program providing $1,000 to U.S. newborns through Trump Accounts, with a focus on foster children. The initiative allows child welfare agencies to act as guardians for foster care enrollment, starting July 4, for children born between 2025 and 2028. Twenty-three Republican governors have pledged to enroll children in the program, which aims to improve long-term financial outcomes for foster youth.