Bessent Advises Americans to Save $2,000 Tariff Checks Amid Inflation Concerns
U.S. Treasury Secretary Scott Bessent urges Americans to save President Trump’s $2,000 tariff checks in “Trump accounts” for kids, amid inflation concerns.
“Treasury Secretary Scott Bessent in the Oval Office discusses plans for Americans to save the upcoming $2,000 tariff rebate checks.”
As Americans await the $2,000 tariff rebate checks promised by President Donald Trump, Treasury Secretary Scott Bessent says the administration hopes recipients will save the money rather than spend it immediately.
Speaking from the Oval Office, Bessent said the White House wants families to consider depositing the funds into newly proposed “Trump Accounts” for children — a move aimed at encouraging long-term savings rather than fueling short-term consumer spending.
Why It Matters
The comments come at a time when households are struggling with affordability pressures, even as the administration maintains that inflation is easing and prices are expected to fall in the coming months.
Critics argue that injecting hundreds of billions of dollars into the economy through tariff rebates could risk reigniting inflation. The administration counters that directing the money into savings accounts would help mitigate that impact.
