The U.S. Treasury, under President Donald Trump's administration, has introduced a new savings initiative for newborns as part of the recently enacted One Big Beautiful Bill. This program provides a one-time $1,000 government investment at birth, with projections suggesting that if fully funded and left untouched, the accounts could grow to as much as $1.9 million by the age of 28. Treasury Secretary Scott Bessent has described these so-called "Trump accounts" or "baby bonds" as a way to turn every newborn into a shareholder and a stakeholder in America’s future, emphasizing that the program supplements rather than replaces Social Security. However, Bessent also sparked controversy by characterizing the accounts as a "backdoor for privatizing Social Security," remarks he later sought to clarify. The initiative has drawn both support for its potential to foster long-term investment and criticism over concerns about its implications for Social Security and retirement funding. Experts have debated the effectiveness of the program, with some suggesting that higher initial contributions, such as $10,000 per newborn, could provide a richer retirement than the current Social Security system. The program is designed to provide a financial head start for the next generation of Americans, aiming to compound wealth and reduce government dependence over time.