President Donald J. Trump issued a statement on April 7 encouraging Americans to take control of their financial future in recognition of National Financial Literacy Month. Trump said that building knowledge and confidence in making smart financial decisions will empower individuals and families to achieve lasting success.
The president highlighted the importance of financial literacy as the country works to lower costs and expand opportunity. He pointed to recent policy actions, saying, "Since returning to office last year, I have spared no time in rebuilding the American economy through America First policies that support domestic manufacturing, job growth, and rising wages." Trump added that he signed the One Big Beautiful Bill into law last year, which he described as delivering major tax cuts for the middle class: "including no tax on tips and no tax on overtime, putting more money into the pockets of our workers and families."
Trump also announced a new initiative called Trump Accounts, which provides $1,000 to every child born between January 1, 2025, and December 31, 2028. These funds are placed into long-term savings accounts managed by parents until age eighteen. The president said these accounts can be used for higher education, buying a first home or starting a business when recipients reach adulthood.
Looking ahead at technology's role in finance, Trump stated his administration is making efforts toward innovation: "Under my leadership, we are making the United States the crypto capital of the world—cultivating a pro-innovation environment that embraces blockchain and digital finance instead of prohibiting it." He also noted expanded access to free financial education resources through initiatives like Money Smart from the Federal Deposit Insurance Corporation.
Trump concluded his message by urging Americans to invest in themselves through increased financial literacy: "because the American promise is fully achieved when our citizens take the initiative to save, invest, and build a glorious American future."
