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Financial literacy through Trump Accounts can counter poisonous ideologies on college campuses and help Americans build wealth, a Trump official says.

No matter what side of the aisle your political beliefs and values align with, there is one thing the majority of Americans can agree on: the country finds itself firmly in an affordability crisis. From a lopsided housing market and elevated used car prices to college tuition and higher energy prices fueling inflation, prices for everyday items and wealth-building milestones are near all-time highs.

The U.S. Department of the Treasury officially announced the investment lineup for the rollout of Trump Accounts, which includes five popular exchange-traded funds (ETFs). Trump Accounts are tax-advantaged investment vehicles that assists U.S. families with building long-term wealth for their children.

Both funds charge 0.03% expense ratios and delivered similar 1-year returns, but differ in holdings count and five-year performance.

Trump Accounts launch July 4 with the State Street SPDR Portfolio S&P 500 ETF as the default investment. The Treasury Department plans to add more low-cost index fund options soon.