Trump Accounts could help lower-income families most. Few have signed up.

Trump Accounts, introduced under the One Big Beautiful Bill Act, aim to assist low- and moderate-income families in building wealth through early childhood investments. However, according to a recent study by the non-profit Commonwealth, only 5% of eligible families have activated these accounts, launched on July 4th. Commonwealth surveyed over 1,000 parents from low-income backgrounds and found that despite 55% being aware of the program, 36% remain undecided about participation.

Financial uncertainty, complex logistics, and concerns over tax implications are among the reasons for hesitation.