At the Trump Accounts Summit yesterday, which we attended, one of the highlights was the number of firms that pledged to deposit money into these accounts. Visa will launch new credit cards that issue cash back rewards directly to the designated Trump Accounts of eligible children. (We would warn the president that credit card price controls could imperil these rewards programs.
Axios reports that employers who have promised to match the $1000 in federal seed money for the children of their employees now include: JPMorganChase, Bank of America, Bank of New York Mellon, BlackRock, Intel, Charles Schwab, Steak n’ Shake, Robinhood, SoFi, Coinbase, Russell Investments Group, and the Investment Company Institute.
Not a bad start. Especially with billionaires like Michael Dell and Ray Dalio also making big early commitments. Even pop star Nicki Minaj says she will deposit money into her young fans’ accounts.


