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Trump Accounts Promise Free Money. Is There a Catch? - Big Take
Feb 12, 2026 The Big Take | Bloomberg Podcasts
In July, American parents will be eligible to open Trump Accounts on behalf of their children. The administration touts these investment accounts as a way to help the next generation achieve the American dream. But are they the best way to save for college, home-ownership or retirement? And who stands to benefit most?
On today’s Big Take podcast, Bloomberg’s Ben Steverman walks host Sarah Holder through the advantages — and criticisms — of this new program. Plus, economist Darrick Hamilton, whose federal “baby bonds” proposal inspired the Trump Accounts, weighs in on the immediate and long-term impacts the accounts could have on families and on the US economy.
In July, American parents will be eligible to open Trump Accounts on behalf of their children. The administration touts these investment accounts as a way to help the next generation achieve the American dream. But are they the best way to save for college, home-ownership or retirement? And who stands to benefit most?
On today’s Big Take podcast, Bloomberg’s Ben Steverman walks host Sarah Holder through the advantages — and criticisms — of this new program. Plus, economist Darrick Hamilton, whose federal “baby bonds” proposal inspired the Trump Accounts, weighs in on the immediate and long-term impacts the accounts could have on families and on the US economy.
Transcript. One answer is at the 10:34 mark:
HOLDER: Derek Hamilton points out that the program's universality could have downsides.
HAMILTON: If you literally gave everyone the same resource throughout society, you're effectively raising asset prices in a way that won't achieve what it is you're trying to achieve, which is to provide those didn't need it more to have greater access.
HAMILTON: If you literally gave everyone the same resource throughout society, you're effectively raising asset prices in a way that won't achieve what it is you're trying to achieve, which is to provide those didn't need it more to have greater access.