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New York Stock Exchange opening bell to be rung from Oval Office for Trump Accounts launch
The New York Stock Exchange will be opened from the Oval Office next week to mark the opening of Trump Accounts, White House economic adviser Kevin Hassett said Monday.
âWeâre having a big opening bell ceremony next week where Nasdaq and the New York Stock Exchange are going to ring the bell from the Oval for the first time together, and theyâre doing that to celebrate the accounts,â Hassett, the director of the National Economic Council, said on CNBC.
CNN has reached out to the White House for further details.
Families will be able to start contributing to the accounts â which would provide parents of children born between 2025 and 2028 with $1,000 to invest â on July 4.
Parents learn about Trump Accounts at 'Invest America' event at the Sixth Man Center in Philadelphia's East Falls section
Trump Accounts are tax-advantage thousand-dollar seed investments for children born between 2025 through 2028.
PHILADELPHIA (WPVI) — Parents were able to learn about investing in their children's future through so-called "Trump Accounts" at an "Invest America" event Monday.
Pennsylvania Senators John Fetterman and Dave McCormick were at the Sixth Man Center in Philadelphia's East Falls section to kick it off.
Trump Accounts are tax-advantage thousand-dollar seed investments for children born between 2025 through 2028.
ALSO SEE: Melania Trump unveils Fostering the Future Accounts, a spinoff of Trump Accounts for foster kids
Experts provided resources for Pennsylvania families on how to participate and maximize the investment.
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Here's how Trump Accounts could affect women's retirement savings gap
Trump accounts â set to officially launch July 4 â are aimed at helping the youngest Americans get an early start on building long-term financial security through investing. Whether that will reduce the retirement savings gap that women face is less certain, experts say.
Research shows that although women save more of their paycheck than men, their 401(k) account values are lower. The average balance among men at the end of 2025 was $194,597, compared with $146,476 for women, according to Vanguard's new 2026 How America Saves report.
This is at least partly due to earning less on average â 81 cents for every $1 earned by men, per the Labor Department â and spending more time out of the labor force due to family caregiving, experts say. Three in five caregivers are women, according to a 2025 report from AARP and the National Alliance for Caregiving, a nonprofit advocacy and research group.
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