US Treasury Secretary: Trump Account App has been launched on the app store

US Treasury Secretary Besson stated that the 'Trump Account' app now supports app store downloads and will be officially launched on July 4, 2026. The "Trump Account" is expected to inject $30 billion to $50 billion in incremental funds into the US stock market in the first year, and households and employers can add up to $5000 per account annually thereafter. This account was authorized by President Trump on June 9, 2025, to provide government funded savings accounts for children of US citizens born between 2025 and 2029. The initial funding includes government grants, private donations, and household deposits. The federal government will provide $1000 for each account, with Michael and his wife donating $6.25 billion and injecting $250 into the accounts of 25 million children with household incomes below $150000. Account funds are limited to investing in low-cost funds such as the S&P 500 index and cannot be withdrawn before the age of 18.