7 April 2026 00:00 UTC · The White House · White House Statement · Source · Email X Link

The White House urges Americans to boost financial literacy

Key points

Urges Americans to increase financial literacy
Creates Trump Accounts with $1,000 for children born 2025–2028

TL;DR

Encourages citizens to take control of their financial future during National Financial Literacy Month.
Says administration pursued America First policies supporting domestic manufacturing, job growth, and rising wages.
States signing One Big Beautiful Bill delivered tax cuts including no tax on tips and no tax on overtime.
Announces Trump Accounts: $1,000 for every child born Jan 1, 2025–Dec 31, 2028, overseen by parents until age 18.
Says the United States is embracing blockchain and digital finance to become the crypto capital and expanding free financial education via the Treasury and FDIC Money Smart program.

Original text

This National Financial Literacy Month, we encourage every citizen to take control of their financial future so they can achieve their own American Dream. As we work to lower costs and expand opportunity, building the knowledge and confidence to make smart financial decisions will empower individuals and families to create lasting success. Since returning to office last year, I have spared no time in rebuilding the American economy through America First policies that support domestic manufacturing, job growth, and rising wages. Last year, I signed the One Big Beautiful Bill into law, delivering major tax cuts for the American middle class, including no tax on tips and no tax on overtime, putting more money into the pockets of our workers and families. With these gains comes greater opportunity for Americans to take charge of their finances. We are also investing in the next generation through the creation of Trump Accounts, a historic initiative that provides $1,000 to every child born between January 1, 2025, and December 31, 2028, placed into a long-term savings account that grows as your child grows. Parents will oversee these accounts until age 18, when young Americans can then use these funds to pursue higher education, buy their first home, or start a business. This account represents my hope in the tremendous potential of America’s young people, whose hard work sustains America’s greatness. As we look to the future, we are embracing new financial technologies while making sure Americans are prepared to use them wisely. Under my leadership, we are making the United States the crypto capital of the world—cultivating a pro-innovation environment that embraces blockchain and digital finance instead of prohibiting it. Through the United States Department of the Treasury, we are also expanding access to free financial education resources. Initiatives like the Federal Deposit Insurance Corporation’s Money Smart program help Americans learn the basics of budgeting, saving, building credit, and protecting their money. This month, I urge all Americans to invest in themselves by increasing their financial literacy—because the American promise is fully achieved when our citizens take the initiative to save, invest, and build a glorious American future.

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