Understanding Trump AccountsTrump Accounts are individual investment accounts set up for newborn U.S. citizens. The incentive is unavailable for older children, though parents may open accounts for children under 18 and invest voluntarily. "Any parent can open an account for an eligible child, regardless of the parent's immigration status," states the official Trump Accounts website. "Trump Accounts reinforce capitalism at a time when openly socialist candidates are gaining traction," a White House statement declared. In contrast, Trump Accounts will be managed by private companies and available to all babies without economic need criteria.