local
'Trump accounts' will bring financial literacy for millions, Treasury Secretary says
By Haley Bull at KXXV (ABC 25) News
· July 6, 2026
· 3 min read
The White House touted the launch of Trump Accounts Monday, announcing that millions of families had signed up to hold the specialized deposit accounts since they became available on July 4.Under the program, parents can open special investment accounts for any child born during Trumps second ter...
Key takeaway Treasury Secretary Scott Bessent said that 86% of the 6 million signed up came from families earning less than $200,000.
Why this matters in The Waco
The launch of Trump Accounts is likely to have a significant impact on families in Waco , particularly those with lower incomes. With 86% of the 6 million signed-up accounts coming from families earning less than $200,000, it's clear that this program has the potential to bring financial literacy to a large segment of the local community. The fact that accounts can be opened for children of all ages, as long as they don't turn 18 before the end of the calendar year, means that many Waco families will be able to take advantage of this opportunity. Additionally, the pledge by Michael Dell and his wife to provide seed money to qualifying accounts in ZIP codes with a median family income of $150,000 or less could be particularly beneficial to local families. As the program moves forward, it will be worth watching to see how many Waco families participate and how the program affects their financial stability and engagement with the market.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 6, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The White House touted the launch of Trump Accounts Monday, announcing that millions of families had signed up to hold the specialized deposit accounts since they became available on July 4.Under the program, parents can open special investment accounts for any child born during Trumps second ter...
When was this published? This article was first published on July 6, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Haley Bull at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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