Warren Buffett famously says that investing in the stock market from a young age and holding for the long run is the safest way to get rich.

ToplineA group of high-profile CEOs joined President Donald Trump at the White House on Monday to showcase a proposed investment account program, named after the president, for newborn children. Key FactsTrump officially announced the “Trump savings accounts” at a Monday afternoon roundtable alongside Dell CEO Michael Dell,

On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.

The Republican-led House has passed a significant spending and tax bill, featuring President Trump's 'One Big Beautiful Bill.' Among its provisions is the introduction of 'Trump Accounts' for babies,

Contribution limits: Annual contributions for Trump accounts would be limited to $5,000, while 529 plans allow for up to $19,000 in contributions in 2025, or $38,000 if you file jointly, per child. Here’s what else you should know about using a 529 plan to save for your kids’ education.

The program would set up tax-deferred investment accounts that can be cashed out at age 18.

The analysis tracked the prices of five popular baby gear categories: car seats, bassinets, strollers, high chairs and baby monitors.

The White House said the accounts will "afford a generation of children the chance to experience the miracle of compounded growth."