# Trump Accounts Could Cover 90 Million Under 40

> Trump administration plans to expand tax-deferred child accounts to 90 million adults under 40, aiming for $100 billion in contributions.
- Title: Trump Accounts Could Cover 90 Million Under 40 · BigGo Finance
- Summary: Trump administration plans to expand tax-deferred child accounts to 90 million adults under 40, aiming for $100 billion in contributions. Trump…
- Keywords: trump accounts, space x, elon musk, bernie moreno, altimeter capital, invest america, one big beautiful bill act, us treasury, 530a accounts, child investment accounts, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/298a3d5a-0898-4697-908a-469b69b844e4
- Author: BigGo Finance
- Published: 2026-10-21T16:25:15+00:00
- Read time: 1 min
- Topics: trump accounts, space x, elon musk, bernie moreno, altimeter capital, invest america, one big beautiful bill act, us treasury, 530a accounts, child investment accounts, finance, markets
## Trump Accounts Expansion Plan
The Trump administration is considering expanding tax-deferred investment accounts to cover every U.S. citizen under 40, roughly 90 million people.
## Brad Gerstner's Proposal
Brad Gerstner, Altimeter Capital's CEO, said the expansion would require legislation and could absorb two decades of individual retirement savings at once.
## Senator Bernie Moreno's Role
Senator Bernie Moreno promised to lead the Senate bill, calling the idea a 'game-changer' for home buying, student debt relief, and future investments.

> game-changer
## SpaceX Gift Pledge
Elon Musk pledged one SpaceX share to every American child, a gift worth about $11.5 billion based on 72 million children.
## Funding Target
Gerstner aims to raise $100 billion for the program within a year, representing one-sixth of U.S. charitable giving in 2024.
## Supporting Figures
Michael Dell, Ray Dalio, SpaceX President Gwynne Shotwell, and IRS chief Frank Bisignano have backed the initiative with significant contributions.
## Treasury's Stance
Treasury Secretary Scott Bessent welcomed the momentum, stating the department looks forward to more philanthropists helping children jumpstart their financial future.
## Critics' Concerns
Critics warn that allowing donated single stocks concentrates risk and could invite abuses by wealthy donors.
## Political Challenges
Congress is in recess until November 9, and Republicans hold a 53-47 Senate majority, creating uncertainty for the expansion.
## Key takeaway

Trump administration proposes extending tax-deferred investment accounts to 90 million Americans under 40 to raise $100 billion through corporate and philanthropic contributions.