By Leada Goreal.com(TNS)More than 7 million Trump Accounts – the newly launched savings accounts for American children—have been established since they launched earlier this year, according to the White House. The tax-advantaged accounts are available to any child in the U.S. under the age of 18 with a Social Security number. Babies born between Jan. 1, 2025, and Dec. 31, 2028, are eligible for $1,000 in federal seed money, regardless of family income. According to Secretary of Treasury Scott Bessent, 86% of Trump Account participants come from families earning less than $200,000 annually. If you have a child born during the seed money eligibility period, you have to set up the Trump Account to receive the money.