President Donald J. Trump made headlines in September when he promised to give $5,000 to every adult American citizen — but only if Republicans swept the midterms.
Now it looks like he has no solid plan in place to actually pay it.
“I mean, I think there’s a little bit of, a little bit of we’ll cross that bridge when we get there,” said David Zervos, counselor to the Treasury Secretary, in an interview with the National News Desk. “There’s a variety of different ways you can look at skinning that cat and coming up with funding.”
Thanks for subscribing!
The money news that actually matters.
By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and Privacy Policy.
Zervos said he wasn’t worried about funding the checks. And maybe he shouldn’t be; the midterm’s results are far from certain, but things aren’t looking great for Republicans in the midterms.
But Trump has made an expensive promise, and his already low 30% approval rate could sink even lower if he doesn’t follow through.
Here’s what Zervos has to say — and why the majority of Americans aren’t holding their breath waiting for the payments.
Zervos’s math doesn’t quite add up
Zervos wasn’t able to give a specific plan to how the government would pay the checks off. But he did suggest it would take a few years.
“People have to recognize we are growing this economy this year, so far at 2.35% in the first half,” Zervos said to the National News Desk. “A percent on growth is a huge number.”
He says that 1% growth in the U.S. economy, which is worth around $32.5 trillion, gets you around $300 billion to $400 billion in extra revenue each year.
“Get that over a few years, the money starts to show up,” he said to the National News Desk.
It’s true that real GDP grew by 2.5% in Q1 2026 and 2.2% in Q2 2026. But the government doesn’t have access to the entire GDP. So far in 2026, the government has collected $4.85 trillion in revenue, which is around 15% of what the U.S.’ entire GDP is worth.
The U.S. Census Bureau says that there are around 245 million adult citizens in the U.S.. If each of them were to receive $5,000 in the mail, that would cost the U.S. government a little over $1.2 trillion.
That’s nearly a quarter of all the money the U.S. government has collected this year. It’s more than half of the current U.S. deficit of $2 trillion.
Must Read
- Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
- The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
Zervos says the gesture is the most important thing. Americans aren’t believing it
Zervos says we shouldn’t be focusing on the planning anyway. It’s the thought that counts.
“Most importantly, I think the President has offered that up… to suggest that growth and economic strength and prosperity will be high enough under a sweep that we will be able to afford to send those things out,” he told the National News Desk.
Americans largely aren’t taking that suggestion to heart.
According to a poll by the Economist and YouGov, only 21% of Americans think Trump would follow through on his promise. 57% of respondents said he wouldn’t.
While a little under half of respondents favored the government sending $5,000 out to every citizen, significantly more were unhappy with how much the federal government was spending. 64% blamed the federal government’s spending for inflation, while 55% percent blamed Trump specifically.
Americans might be feeling wary about promises of dividends because multiple recent promised payments have fallen through. In 2025, he promised taxpayers a $5,000 DOGE dividend and a $2,000 tariff dividend that never came through, as well as a $2,000 tariff dividend.
He has successfully paid out some smaller dividends, including the $1,776 “Warrior Dividend” to military members. He claimed the money for that came from tariffs; it actually came from funds meant to help service members afford housing.
He also plans to send out two healthcare-related dividends in October.
“The doomers and naysayers have consistently doubted President Trump,” said White House Spokesman Davis Ingle in a statement to Moneywise. “President Trump has consistently proven his doubters wrong… With the continued support of the American people, President Trump will keep delivering real results.”
You May Also Like
- Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAP
- A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
Kit Pulliam is a DC-based financial journalist with over five years of experience writing, editing and fact-checking financial content.
