Chime® (Nasdaq: CHYM), The #1 Most Loved Banking app (see disclosure 1) , and Invest America kicked off the Compound Combine™ yesterday in Jersey City, N.J. The event is the first in a new series of financial education community events designed to help families learn how wealth builds over time.
The initiative reflects a broad belief shared across sectors and political perspectives: helping children access investing and long-term savings early in life can expand economic opportunity and strengthen financial mobility. A very small percentage of American children today have investment accounts. The Compound Combine was created to help close that gap by making wealth-building education and long-term investing more approachable for everyday families.
The Compound Combine brings financial education to life for families through football combine-style drills that show why investing early matters. The event also includes resources and hands-on experiences to increase awareness of and participation in Trump Accounts, a new program implemented by the U.S. Treasury Department and championed by Invest America. Trump Accounts are tax-advantaged individual retirement accounts (IRAs) that give children under 18 a way to build long-term savings and put the power of compounding interest to work over time. At the event, students and parents also can participate in engaging activities meant to strengthen financial literacy and learn to invest in their futures through educational materials designed by the Council for Economic Education (CEE).
“Under the leadership of President Trump and Secretary Bessent, nearly 6 million children have already enrolled in Trump Accounts, giving them a stake in that future. This progress is driven by strong public-private partnerships and community engagement, and the Treasury Department is grateful to Chime for helping more families participate in Trump Accounts at scale,” said Luke Pettit, Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury who joined the event yesterday. “Financial literacy fuels the American Dream and helps secure our nation’s future. As we approach America’s 250th anniversary, ensuring the next generation can participate in our nation’s prosperity is more important than ever.”
“Fewer than 5% of kids currently have investment accounts. That’s the gap Invest America set out to close, and that Trump Accounts were built to solve,” said Brad Gerstner, Founder of Invest America. “Chime brings something critical to this mission: the reach and trust of millions of everyday Americans, and that’s exactly who this program was built for. When a company puts its own money into their employees’ kids’ accounts and brings this message directly to communities, that’s the kind of partnership that drives real impact.”
“We appreciate the leadership of the Treasury Department and Invest America in driving financial literacy and the Trump Account program forward,” said Chris Britt, Co-founder and CEO of Chime and member of Invest America’s CEO Council. “We serve more than 10 million members, many of whom are new to investing. Our mission has always been about helping everyday people unlock their financial progress, and Trump Accounts give us a powerful new way to deliver on that promise at scale. Chime has already helped families elect to open an estimated 130,000 Trump Accounts, and we’re just getting started.”
The Jersey City event marks the launch of a nationwide Compound Combine series, with more events to come across the country. To extend the impact beyond the events, Chime announced a national partnership with CEE to bring wealth-building curriculum and educator support into classrooms, starting in New Jersey. This commitment ensures that conversations started at the Compound Combine don’t end when families go home, and furthers Chime’s broader goal of bringing financial education to 10 million people by 2027.
Families interested in learning more about Trump Accounts and claiming an account can visit: https://www.chimetrumpaccounts.com/.
ABOUT TRUMP ACCOUNTS
The Working Families Tax Cuts allows parents, guardians and other authorized individuals to establish a new type of individual retirement account for their children, called Trump Accounts. The account is for a child who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number.
The account features a pilot program contribution of $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, and who are U.S. citizens with a valid Social Security number.
Parents, guardians, and other authorized individuals can elect to open an account at any time by submitting IRS Form 4547, Trump Account Election(s), including enrollment in the pilot program. Visit TrumpAccounts.gov for the latest information about how to do so. TrumpAccounts.gov is the official website for Trump Accounts.
ABOUT INVEST AMERICA
Invest America works to reduce income and opportunity gaps by helping families understand investing and take part in the financial system. Our goal is to make investing simple, accessible, and useful for families across the country.
ABOUT CEE
The Council for Economic Education’s (CEE’s) mission is to equip K–12 students with the tools and knowledge of personal finance and economics so that they can make better decisions for themselves, their families and their communities. We carry out our mission in three ways: advocating to require financial and economic education in every state, providing the training, tools and resources to more than 40,000 teachers annually, and deepening knowledge and career capabilities through national competitions and our Invest in Girls program.
