Reddit Pulse update

As seen on the 24/7 Wall St. homepage on August 8, 2026.

Reddit Pulse r/povertyfinance
If you had a baby in 2025 or 2026: the $1,000 federal "Trump Account" deposit is live now, but you have to claim it, it's not automatic

u/S_B_B_B_K 141 upvotes 46 comments

I encourage everyone to [read this](https://open.substack.com/pub/thedreydossier/p/the-true-cost-of-trump-accounts?r=5162w2&utm_medium=ios) (or watch the video) explaining what’s going on with these accounts, and exposing the hidden costs that come with this reward - like surrendering your baby’s biometric data

The $1,000 federal seed for kids born 2025 through 2028 sits unclaimed until a parent files at trumpaccounts.gov or via IRS Form 4547, and 2025 babies are still covered retroactively. Free money with no income limit and no required contribution is rare, but default inaction forfeits it.