Trump Accounts touted as antidote to ‘anti-capitalist’ ideology, financial illiteracy gripping US: regulator
This feels like a quiet policy shift.
FIRST ON FOX: "Trump Accounts" will work as a nationwide financial literacy starter kit that simultaneously serves as an antidote to rising anti-capitalist sentiment, according to the head of the Treasury bureau that regulates and supervises national banks.
"Trump Accounts will be one of the most impactful financial literacy tools in our country’s history," Comptroller of the Currency Jonathan Gould said Friday before the Financial Literacy and Education Commission. "They present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey."
Trump Accounts were created under the "big, beautiful bill" signed July 4, 2025, and are structured as tax-deferred investment accounts for children. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, receive a $1,000 federal seed contribution, while families and employers can also contribute under set limits.
In addition to the accounts helping bolster children's ability to secure the "American Dream," as the administration has celebrated, Gould said the accounts would bolster financial literacy and push back on what he described as an anti-capitalist ideology.
TREASURY SECRETARY PREDICTS BLOCKBUSTER 2026 FOR US ECONOMY AS DOW HITS HISTORIC MILESTONE
Fox News Digital obtained Gould's full remarks at the Financial Literacy and Education Commission meeting that focused on the implementation, consumer education and outreach efforts for Trump Accounts. The commission is a body within the Treasury Department established in 2003 to improve the financial literacy of citizens.
Gould took aim at "collectivist policies," such as socialism, arguing financial literacy requires "a foundational understanding of free-market principles" and casting Trump Accounts as a response to what he called growing anti-capitalist ideology.
Trump Accounts "present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey," Gould said. "Trump Accounts offer an opportunity for America’s children to experience the best of our free markets and to own a piece of the American Dream. And they are a direct rebuttal to the philosophical and economic dead-ends of collectivist policies."
Gould leads the Office of the Comptroller of the Currency, which is an independent bureau under the Treasury Department's umbrella that regulates all national banks, federal savings associations, as well as branches of foreign …
This feels like a quiet policy shift.
FIRST ON FOX: "Trump Accounts" will work as a nationwide financial literacy starter kit that simultaneously serves as an antidote to rising anti-capitalist sentiment, according to the head of the Treasury bureau that regulates and supervises national banks.
"Trump Accounts will be one of the most impactful financial literacy tools in our country’s history," Comptroller of the Currency Jonathan Gould said Friday before the Financial Literacy and Education Commission. "They present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey."
Trump Accounts were created under the "big, beautiful bill" signed July 4, 2025, and are structured as tax-deferred investment accounts for children. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, receive a $1,000 federal seed contribution, while families and employers can also contribute under set limits.
In addition to the accounts helping bolster children's ability to secure the "American Dream," as the administration has celebrated, Gould said the accounts would bolster financial literacy and push back on what he described as an anti-capitalist ideology.
TREASURY SECRETARY PREDICTS BLOCKBUSTER 2026 FOR US ECONOMY AS DOW HITS HISTORIC MILESTONE
Fox News Digital obtained Gould's full remarks at the Financial Literacy and Education Commission meeting that focused on the implementation, consumer education and outreach efforts for Trump Accounts. The commission is a body within the Treasury Department established in 2003 to improve the financial literacy of citizens.
Gould took aim at "collectivist policies," such as socialism, arguing financial literacy requires "a foundational understanding of free-market principles" and casting Trump Accounts as a response to what he called growing anti-capitalist ideology.
Trump Accounts "present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey," Gould said. "Trump Accounts offer an opportunity for America’s children to experience the best of our free markets and to own a piece of the American Dream. And they are a direct rebuttal to the philosophical and economic dead-ends of collectivist policies."
Gould leads the Office of the Comptroller of the Currency, which is an independent bureau under the Treasury Department's umbrella that regulates all national banks, federal savings associations, as well as branches of foreign …
Trump Accounts touted as antidote to ‘anti-capitalist’ ideology, financial illiteracy gripping US: regulator
This feels like a quiet policy shift.
FIRST ON FOX: "Trump Accounts" will work as a nationwide financial literacy starter kit that simultaneously serves as an antidote to rising anti-capitalist sentiment, according to the head of the Treasury bureau that regulates and supervises national banks.
"Trump Accounts will be one of the most impactful financial literacy tools in our country’s history," Comptroller of the Currency Jonathan Gould said Friday before the Financial Literacy and Education Commission. "They present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey."
Trump Accounts were created under the "big, beautiful bill" signed July 4, 2025, and are structured as tax-deferred investment accounts for children. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, receive a $1,000 federal seed contribution, while families and employers can also contribute under set limits.
In addition to the accounts helping bolster children's ability to secure the "American Dream," as the administration has celebrated, Gould said the accounts would bolster financial literacy and push back on what he described as an anti-capitalist ideology.
TREASURY SECRETARY PREDICTS BLOCKBUSTER 2026 FOR US ECONOMY AS DOW HITS HISTORIC MILESTONE
Fox News Digital obtained Gould's full remarks at the Financial Literacy and Education Commission meeting that focused on the implementation, consumer education and outreach efforts for Trump Accounts. The commission is a body within the Treasury Department established in 2003 to improve the financial literacy of citizens.
Gould took aim at "collectivist policies," such as socialism, arguing financial literacy requires "a foundational understanding of free-market principles" and casting Trump Accounts as a response to what he called growing anti-capitalist ideology.
Trump Accounts "present a unique chance for all Americans to own a stake in the most powerful economy on earth, watch their money grow, and begin their investing journey," Gould said. "Trump Accounts offer an opportunity for America’s children to experience the best of our free markets and to own a piece of the American Dream. And they are a direct rebuttal to the philosophical and economic dead-ends of collectivist policies."
Gould leads the Office of the Comptroller of the Currency, which is an independent bureau under the Treasury Department's umbrella that regulates all national banks, federal savings associations, as well as branches of foreign …
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