WATCH: Trump announces eligible U.S. children automatically enrolled in Trump accounts
President Donald Trump announced the automatic enrollment of roughly 70 million American children under 18 into Trump Accounts, a federal investment initiative. Rolled out earlier this year, the tax-advantaged accounts give children a financial stake in the future. While the Treasury Department auto-enrolled more than 60 million children, parents must formally claim the accounts. The program features a one-time federal contribution of $1,000 specifically for U.S. citizen children born between 2025 and 2028. The White House highlighted the initiative amid ongoing public frustrations concerning rising consumer prices, as billions in private contributions begin flowing into the kids' holdings.
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- ✓ President Donald Trump announced that roughly 70 million American children under the age of 18 are now automatically enrolled in Trump Accounts.
- ✓ The program is available to all children under 18 with valid Social Security numbers.
- ✓ A one-time federal contribution of $1,000 is designated for U.S. citizen children born between 2025 and 2028.
- ✓ The Treasury Department announced on October 1 that it had automatically enrolled all eligible children for Trump Accounts.
What changed
The Treasury Department and President Trump announced that roughly 70 million children under 18 have now been automatically enrolled in the federal investment initiative.
Live updates
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Trump Announces Automatic Enrollment of 70 Million Kids in Trump Accounts
President Donald Trump announced the automatic enrollment of roughly 70 million American children under 18 into Trump Accounts, a federal investment initiative. Rolled out earlier this year, the tax-advantaged accounts give children a financial stake in the future. While the Treasury Department auto-enrolled more than 60 million children, parents must formally claim the accounts. The program features a one-time federal contribution of $1,000 specifically for U.S. citizen children born between 2025 and 2028. The White House highlighted the initiative amid ongoing public frustrations concerning rising consumer prices, as billions in private contributions begin flowing into the kids' holdings.
Why it matters
The Trump Accounts initiative has recently expanded to include individual company stocks and stock donations, drawing both defense from figures like Michael Dell and scrutiny over potential risks and rules attached to the holdings. President Trump predicted the accounts will help limit the spread of socialism and communism by building long-term wealth for the next generation. Eligible children include those under 18 with valid Social Security numbers.
What is confirmed
- President Donald Trump announced that roughly 70 million American children under the age of 18 are now automatically enrolled in Trump Accounts.
- The program is available to all children under 18 with valid Social Security numbers.
- A one-time federal contribution of $1,000 is designated for U.S. citizen children born between 2025 and 2028.
- The Treasury Department announced on October 1 that it had automatically enrolled all eligible children for Trump Accounts.
What to watch next
- Parents claiming and managing the newly auto-enrolled accounts
- Further updates regarding the rules and risks of individual stock donations in children's holdings
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- 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
- The Hill — Trump predicts ‘Trump Accounts’ will limit spread of socialism, communism
- ABC7 San Francisco — Latest Trump Account changes: What families need to know now
- Fox Business — President celebrates automatic enrollment of 70 million Trump Accounts for children
- WTAE — White House announces auto-enrollment in Trump accounts
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