{
  "id": 15907379,
  "title": "The architect of Trump Accounts wants the program expanded to every American under 40",
  "url": "https://urgent.news/2026/10/21/the-architect-of-trump-accounts-wants-the-program-expanded-to-every",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-21T15:02:57.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/trump-accounts-available-to-under-40s-brad-gerstner-2026-10"
  },
  "original_language": "en",
  "account": "Brad Gerstner, the founder and CEO of Altimeter Capital, is advocating for the expansion of Trump Accounts to include Americans under 40. This proposal would create early Individual Retirement Accounts (IRAs) that employers and donors could fund. Gerstner, known as the architect of Trump Accounts, believes the change would necessitate new legislation rather than just a regulatory rule adjustment. Currently, Trump Accounts are accessible to individuals under 18, with children born between 2025 and 2028 receiving a $1,000 federal seed contribution. Upon reaching the age of 18, these accounts transform into traditional IRAs. Gerstner's plan aims to establish accounts for adults under 40, potentially making the funding permanent. While the proposal's prospects in Congress, including its cost and potential support for new matching funds, are uncertain, major donors, including Elon Musk, Michael and Susan Dell, and Ray Dalio, have expressed support for the initiative.",
  "summary": "Brad Gerstner wants to extend Trump Accounts to Americans under 40, creating early IRAs that could attract corporate and philanthropic funding.",
  "key_points": [
    "Brad Gerstner seeks to expand Trump Accounts for Americans under 40.",
    "Proposes new legislation, not just regulatory changes.",
    "Elon Musk, Michael and Susan Dell, Ray Dalio support the initiative."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "title": "Trump wants data centres to pay locals",
        "url": "https://urgent.news/2026/10/21/trump-wants-data-centres-to-pay-locals",
        "published": "2026-10-21T06:37:36.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "Student-loan borrowers win as Trump drops legal battle to narrow a major forgiveness program for public servants",
        "url": "https://urgent.news/2026/10/21/student-loan-borrowers-win-as-trump-drops-legal-battle-to-narrow-a",
        "published": "2026-10-21T21:01:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}