Trump prods parents to claim child investment accounts as auto-enrollment begins
President Donald Trump celebrated the automatic enrollment of roughly 70 million children into tax-advantaged investment accounts known as Trump Accounts. The White House highlighted the program amid public frustrations over rising prices, as billions in private contributions begin flowing into the holdings. Every child in the United States under the age of 18 with a valid Social Security number is eligible. President Trump urged parents to formally claim the accounts, stating that the children involved will end up being quite rich by the time they turn 18.
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- ✓ President Donald Trump celebrated the automatic enrollment of roughly 70 million Trump Accounts for children.
- ✓ Every child in the U.S. under the age of 18 with a valid Social Security number is eligible for the tax-advantaged investment account.
- ✓ Michael Dell defended the accounts' shift to individual company stocks.
- ✓ President Trump stated that children will end up being quite rich by the time they are 18.
What changed
The administration announced that roughly 70 million children have been automatically enrolled in the investment accounts.
Live updates
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Trump Auto-Enrolles Millions of Children in Investment Accounts
President Donald Trump celebrated the automatic enrollment of roughly 70 million children into tax-advantaged investment accounts known as Trump Accounts. The White House highlighted the program amid public frustrations over rising prices, as billions in private contributions begin flowing into the holdings. Every child in the United States under the age of 18 with a valid Social Security number is eligible. President Trump urged parents to formally claim the accounts, stating that the children involved will end up being quite rich by the time they turn 18.
Why it matters
The Trump Accounts program rolled out earlier this year, aiming to build wealth for minors through tax-advantaged investments. Recent expansions to the program allow individual company stocks into children's holdings and pave the way for multimillion-dollar donations. Michael Dell has defended this shift toward individual company stocks.
What is confirmed
- President Donald Trump celebrated the automatic enrollment of roughly 70 million Trump Accounts for children.
- Every child in the U.S. under the age of 18 with a valid Social Security number is eligible for the tax-advantaged investment account.
- Michael Dell defended the accounts' shift to individual company stocks.
- President Trump stated that children will end up being quite rich by the time they are 18.
What to watch next
- Whether additional multimillion-dollar donations flow into the accounts following the recent rule changes
- How parents respond to the call to claim and manage the automatically enrolled child investment accounts
confidence 100%Sources used for this update (18)
- The New York Times — Most American Children Are Being Auto-Enrolled in Trump Accounts. What to Know.
- WSJ — Trump Accounts’ Extraordinary Expansion Puts Individual Stocks Into Kids’ Holdings
- PBS — WATCH: Trump announces eligible U.S. children automatically enrolled in Trump accounts
- AP News — Live updates: White House highlights Trump Accounts for kids amid frustrations over rising prices
- The Washington Post — Trump prods parents to claim child investment accounts as auto-enrollment begins
- Fox Business — President celebrates automatic enrollment of 70 million Trump Accounts for children
- ABC News - Breaking News, Latest News and Videos — Trump announces 'historic' enrollment of 70 million children into Trump Accounts
- The Independent — In a few weird moments, Trump revealed more than he intended in the Oval Office
- Yahoo Finance — Michael Dell defends Trump Accounts' shift to individual company stocks
- www.cnbc.com — Trump Accounts hit 70 million enrolled. What parents ... - CNBC
- www.pbs.org — Your child may be automatically enrolled in a Trump Account. Here's what to know
- finance.yahoo.com — 60 Million Children Have Been Automatically Enrolled in Trump ...
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