Dave Ramsey Says Trump Accounts Are a Political Stunt — Here’s Why
Written by
Chris Adam
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Jenna Klaverweiden
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One of the most prominent voices in personal finance has quite a bit to say about Trump Accounts being offered by President Donald Trump.
In fact, money expert Dave Ramsey said parents and caregivers should think twice before using these accounts.
What Are Trump Accounts?
A Trump Account is a tax-advantaged investment account for children in the United States under 18 who have valid Social Security numbers. Accounts for kids born in 2025 to 2028 will be funded with a one-time initial deposit of $1,000.
Per the government’s website for the accounts, they’re designed to “jumpstart the American dream” and help build “long-term financial security for millions of children.”
What Does Ramsey Say?
Speaking about Trump Accounts on his TikTok account, Ramsey said, “They’re not as revolutionary as a Roth IRA. They’re not on the level of a 529. This feels more like a political stunt than a wealth-building breakthrough.”
According to Ramsey, many view these accounts as less revolutionary compared with established financial tools like Roth IRAs and 529 plans. “In fact, they seem more aligned with political theatrics than practical financial solutions,” he said. “Existing wealth-building instruments, such as a Roth IRA, are proven avenues for growing personal finances, offering tax advantages and flexible contributions.”
Ramsey goes on to say that Trump Accounts “may just serve as a distraction or a marketing tactic, designed to draw attention to currency in the political sphere rather than provide genuine financial benefits.”
What Are Other Options To Consider?
With all of that being said, a Ramsey Solutions article advised parents and caregivers to open a Trump Account, claim the initial deposit and then invest in other options that may offer more choices and better tax advantages, such as a 529 plan and other custodial accounts.
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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