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● LIVE Updated 2h ago · 12 sources tracked

Trump Accounts have auto-enrolled more than 60 million children, Treasury says

The U.S. Department of the Treasury has automatically enrolled more than 60 million American children under age 18 in Trump Accounts. This move follows a Treasury announcement on October 1 and the publication of temporary regulations that removed the previous opt-in requirement. While the accounts are now open, parents must still take action for children to receive a $1,000 government deposit. The shift to automatic enrollment was triggered after initial sign-up rates stalled under 8%, particularly among lower-income families.

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⚡ Key Developments & Real-Time Context
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  • ✓ The Treasury Department announced the completion of automatic enrollment for more than 60 million American children under age 18.
  • ✓ Temporary regulations eliminated the opt-in requirement to increase participation.
  • ✓ The Treasury Department provided the enrollment announcement to CNBC.
  • ✓ The automatic enrollment process was completed by October 1.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

The Treasury Department transitioned from an opt-in system to automatic enrollment, increasing participants from under 8% to over 60 million children.

Live updates

  1. Treasury completes automatic enrollment of over 60 million children in Trump Accounts

    The U.S. Department of the Treasury has automatically enrolled more than 60 million American children under age 18 in Trump Accounts. This move follows a Treasury announcement on October 1 and the publication of temporary regulations that removed the previous opt-in requirement. While the accounts are now open, parents must still take action for children to receive a $1,000 government deposit. The shift to automatic enrollment was triggered after initial sign-up rates stalled under 8%, particularly among lower-income families.

    Why it matters

    Trump Accounts are designed to create a pathway for philanthropic contributions to invest in the financial futures of children. The program aims to expand access to long-term investment tools for millions of American youth. The IRS previously changed course to allow the automatic enrollment process.

    What is confirmed

    • The Treasury Department announced the completion of automatic enrollment for more than 60 million American children under age 18.
    • Temporary regulations eliminated the opt-in requirement to increase participation.
    • The Treasury Department provided the enrollment announcement to CNBC.
    • The automatic enrollment process was completed by October 1.

    Still unconfirmed

    • Eligible babies could miss out on $2.88 billion in unclaimed funds if parents do not act to secure the $1,000 government deposit.

    What to watch next

    • IRS guidelines on the specific parental actions required to claim the $1,000 deposit
    • Data on the actual number of accounts that receive the government deposit versus those remaining empty
    Sources used for this update (18)
    1. WSJ — Treasury Will Auto-Enroll 60 Million Children in Trump Accounts
    2. cbsnews.com — Trump Accounts will automatically be created for up to 60 million kids, Treasury says
    3. finance.yahoo.com — Trump Account investment options, rules, and guidelines: What you need to know
    4. www.cnbc.com — Treasury: Trump Accounts auto-enroll more than 60 million children
    5. CNBC — Trump Accounts have auto-enrolled more than 60 million children, Treasury says
    6. Yahoo Finance — Treasury says over 60 million children have been auto-enrolled in Trump Accounts
    7. Journal of Accountancy — IRS changes course to allow automatic Trump account enrollment
    8. The New York Times — Most American Children Are Being Auto-Enrolled in Trump Accounts. What to Know.
    9. Yahoo Finance — Trump Account eligibility: Who qualifies for the $1,000 government deposit?
    10. www.cnbc.com — Treasury: Trump Accounts to auto-enroll children - CNBC
    11. home.treasury.gov — Treasury Announces the Completion of Automatic Enrollment ...
    12. www.yahoo.com — 60 Million Kids to Get Trump Accounts Automatically - Yahoo
    confidence 95%
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