Bessent unveils new Trump Accounts website as part of push to encourage saving for children
CBS News11 hrs
White House Launches Trump Accounts Website
Do Trump Accounts empower families with wealth-building opportunity, or burden them with unfunded liabilities for the rich?
Above: U.S. Treasury Secretary Scott Bessent and President Donald Trump at the White House on Dec. 13, 2025. Image credit: Samuel Corum/Bloomberg/Getty Images
The Spin
Pro-establishment narrative
Trump Accounts give every child a stake in American prosperity, an idea backed by both parties. They blend public seed money with private and philanthropic support, skip bureaucracy and let compound growth do the work. It’s a simple, market-based way to expand opportunity, reward saving and invest early in America's future.
Establishment-critical narrative
Trump Accounts add trillions in unfunded liabilities while disproportionately benefiting the wealthy, who will maximize contributions and tax advantages. Whether on the right or the left, this program should concern Americans: it shifts responsibility from families to government, fosters dependency and leaves middle- and working-class households bearing costs through cuts to essential services.