At the opening of the Financial Literacy and Education Commission’s first public meeting of 2026, Treasury Secretary Scott Bessent addressed efforts to advance financial education across the United States. Speaking as chair of the commission, Bessent highlighted the importance of practical experience in financial learning.
“I have long believed that financial education is most powerful when it is lived, not just taught. When young people begin saving and investing early, they develop habits, judgment, and confidence that shape a lifetime of financial decision-making,” Bessent said.
He emphasized how seeing assets grow over time can build patience and discipline among young people. “By giving children a foothold in the financial system, Trump Accounts will help the next generation envision and achieve new possibilities—like pursuing education, owning a home, or starting a business—while also reinforcing the behaviors required to plan for, manage, and ultimately achieve these life goals,” he stated.
Bessent described Trump Accounts as “a generational downpayment on the American Dream.” Under this initiative, each eligible child would receive a $1,000 federal seed contribution invested in U.S. stocks. Most families would be able to claim this investment by simply checking a box during enrollment.
The secretary noted growing support for Trump Accounts from various sectors. He pointed out that Michael and Susan Dell made what he called “the largest single private investment in American children in our nation’s history” with a $6.25 billion donation. Additionally, Ray Dalio helped launch Treasury’s “50 State Challenge,” which seeks partnerships with philanthropies nationwide.
States have played an important role through their own child savings account programs and financial education initiatives. Bessent said their experience will be crucial as Trump Accounts move toward implementation. He expressed an intent to work closely with state governments to expand best practices and integrate these accounts into existing outreach efforts.
Bessent also encouraged participation from businesses and employers: “Many employers already help their workers save for retirement; now, we have a chance to extend that same culture of saving to the next generation. Employer contributions, family matches, and educational partnerships can multiply the impact of every Trump Account.”
He stressed that while dollars saved are important, real-world participation matters just as much: “The true power of Trump Accounts lies not only in the dollars saved and invested, but in the education and experience they create.” According to Bessent, these accounts offer children opportunities to learn about investing by watching their own funds grow.
As commission chair, Bessent called on all federal agencies involved to coordinate efforts around Trump Accounts by aligning programs and integrating them into educational initiatives.
“Trump Accounts embody the principle of learning by doing. By giving America’s children a day-one stake in our economy, these accounts turn financial education into hands-on experience,” he said.
Bessent concluded his remarks by turning over proceedings to Geof Gradler, acting for the Vice Chair of the Financial Literacy and Education Commission.
