Melania Trump Launches Savings Accounts for Youth in Foster Care

‘Fostering the Future Accounts’ are made in tandem with the U.S. Treasury Department and financed through the president’s ‘Big Beautiful Bill.’

United States Treasury Secretary Scott Bessent looks on as First Lady Melania Trump speaks during an event to launch “Fostering the Future Accounts,” a new financial vehicle for youth in foster care, at the Treasury Building in Washington, D.C., on June 11, 2026. (Credit: Brendan Smialowski / AFP via Getty Images)

Building on her advocacy for America’s youth in foster care, First Lady Melania Trump alongside Treasury Secretary Scott Bessent on Thursday unveiled new savings accounts designed to establish financial stability for young people aging out of foster care.

“Fostering the Future Accounts give foster children the same chance for asset ownership and long-term wealth building as every other American child. By investing in our foster youth now, we help strengthen America’s workforce, communities, and economic future,” Mrs. Trump said.