Millions have signed up for Trump Accounts, but some families are still waiting for baby's $1,000 44%
By MORIAH BALINGIT The Associated Press61%
7/22/2026, 10:18:00 PM
BS Summary: This article contains 21 faulty reasoning types, including Appeal to Authority, Optimism Bias, and Red Herring, with Negativity Bias as the most egregious example at 10.2% saturation with 97 hits. Analysis detected 866 faulty-reasoning hits from 953 analyzed words, generating a BS Score of 47.4% and a BS Rank of 44% (11,880 of 21,198 articles). This article is better (less manipulative) than 56.00% of the article peer group.
WASHINGTON — At a rally Wednesday, President Donald Trump touted the $1,000 babies can receive when their parents open Trump Accounts in their names, seed money that Trump says will help give them “a really fair shot at the American dream.”
“Think of that.
The government is finally giving money back to our children,” Trump said to the crowd gathered at a Georgia high school
Some parents who opened accounts earlier this month for their babies say they're still waiting for their money.
The accounts went live July 4, two days before Trump rang the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office.
At the rally Wednesday, Rick Jackson, Georgia’s GOP nominee for governor, said he would push for state lawmakers to match the $1,000 in seed money from the federal government.
Jackson, a wealthy businessman and CEO of a healthcare company, said he believes Georgia lawmakers will support that, but “if they don’t, I will personally donate it myself.”
Boosters of the program say it’s a chance to give more Americans a stake in the stock market.
They hope it will stem the rising popularity of democratic socialists, who seek to raise taxes on corporations and wealthy people to ease the cost of things like food and healthcare for low-income and middle-class Americans.
Some parents were told it could take 4 weeks for the deposit
For babies born since Trump took office last year, $1,000 from the U.S.
Treasury is supposed to kick off the accounts.
While some parents report receiving the money, others said in interviews and on social media they're still waiting for their $1,000.
Masaki and Kristina McLellan, new parents from Bergen County, New Jersey, said in an interview they were wary of signing up for the accounts because they worried it was a promotional stunt for the president.
But the $1,000 incentive persuaded the couple, whose daughter Maya was born in late March, to start an account anyway.
Masaki McLellan said he applied for the account July 6.
At first, the application was rejected, but the account was activated after he called the Trump Account hotline.
He was told he'd see the money in the account in 10 days.
Now, he says, he's been told it will take up to four weeks.
Kristina McLellan said she was disappointed it was taking so long to fund her daughter's account.
But the infant has multiple other investments already compounding for her.
Maya's parents have already started a 529 college savings plan and a custodial brokerage account for her.
The Trump Account is the third investment account in the little girl's name.
“We definitely want to give her options for her future and make sure she can choose what she wants to do,” said McLellan, a studio director for a local news station, who returns from maternity leave next week.
The Treasury Department emphasized the McLellans’ case is unusual and said only a sliver of those who apply need customer support.
Treasury says most parents wait only 1 or 2 days
The Treasury Department said that the lag between opening an account and receiving the seed funding constitutes “standard processing time, like receiving a tax refund,” and that the overwhelming majority of parents are waiting only one to two days.
But the department likes to give parents a conservative estimate for how long it might take for the money to be transferred, such as the estimate of up to four weeks given to the McLellans.
“Trump Accounts level the playing field by allowing every parent to invest in their children’s future, not just wealthy families with trust funds,” the department said.
The government also unveiled an initiative last month that permits child welfare agencies to open accounts on behalf of foster youth.
“With roughly 1 million sign-ups per month before launch, Trump Accounts have become the most popular and successful government-backed savings product in U.S. history,” the Treasury Department said.
On Wednesday, Trump called the accounts “the most consequential” part of his signature tax and spending cuts bill, also known as the One Big Beautiful Bill.
Trump faces pressure over his handling of the economy
Trump's stop in Georgia comes as he and fellow Republicans face pressure in the midterm elections for their handling of the economy.
Only 33% of U.S. adults approve of Trump’s economic leadership, among the lower ratings of his second term, according to a June survey by The Associated Press-NORC Center for Public Affairs Research.
Trump pledged to lower costs, but his tariffs and the war in Iran have instead helped to increase prices.
Trump Accounts are similar to baby bonds, championed by Democratic-led cities and states meant to shrink the wealth gap between low- and high-income children.
But unlike most baby bonds, which generally target kids from disadvantaged backgrounds, Trump Accounts are available to families of all incomes.
The program has faced criticism from those who say it does nothing to help families in a child's first years of life, when children are most likely to experience poverty, homelessness and hunger.
And the Republican bill that created the program also slashed funding for programs that are disproportionately used by children, including Medicaid and the Supplemental Nutrition Assistance Program.
This story has been corrected to show the mother's surname is McLellan, not McClellan.
Associated Press writers Seung Min Kim and Adriana Morga contributed to this report.
The Associated Press’ education coverage receives financial support from multiple private foundations.
The AP is solely responsible for all content.
Find the AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
Analysis
Hover over highlighted words in the article to view the associated bias or fallacy analysis.