TechFlow news: On May 29, Robinhood’s stock price rose 11.29%, following the official launch of the U.S. government-backed “Trump Accounts” children’s investment account program.
According to the announcement, eligible U.S. children under age 18 may open tax-advantaged investment accounts. Children born between 2025 and 2028 who hold valid Social Security numbers will receive an initial $1,000 contribution from the U.S. Department of the Treasury. Family members and employers may jointly contribute up to an additional $5,000 per year.
Robinhood Securities will serve as the program’s initial custodian. Account funds will be automatically invested in low-cost index funds by default. The program is scheduled to officially launch on July 4, 2026.
