President celebrates automatic enrollment of 70 million Trump Accounts for children
The White House said more than $4.5 billion has been deposited since July 4, with over 70 companies and major donors backing the accounts.
- On Wednesday, President Donald Trump held an Oval Office event celebrating the automatic enrollment of roughly 70 million American children in "Trump Accounts," urging parents to claim the new investment vehicles.
- Republicans' Big Beautiful Bill created these tax-advantaged brokerage accounts last year as IRAs, providing a $1,000 government seed payment and $5,000 annual contribution limits for families alongside $2,500 for employers.
- Dell Technologies CEO Michael Dell and Susan Dell donated roughly $6.25 billion to the program, while over 70 companies including Uber, Intel, and Nvidia committed to contributing to employees' children's accounts.
- Parents must claim accounts before managing funds or receiving private contributions, which supplement the $1,000 federal seed payment. To qualify, beneficiaries must be born between Jan. 1, 2025, and Dec. 31, 2028, with 80% of accounts linked to families earning less than $200,000.
- "If all goes well, they'll end up being quite rich by the time they're 18," Trump said, describing the initiative as enabling the next generation to benefit from a booming economy.
134 Articles
134 Articles
Trump Celebrates Trump Accounts as Millions Get Enrolled
President Donald Trump marked the automatic enrollment of roughly 70 million children’s investment accounts during an Oval Office press conference on October 7. The Treasury Department confirmed that every eligible child under 18 with a valid Social Security number now holds a Trump Account, a government-created, tax-advantaged vehicle intended to grow over the holder’s lifetime. […]
Donald Trump predicted that children with Trump Accounts would become wealthy as their investments grew over time
President Donald Trump predicted on October 7 that children with a “Trump Account” could become wealthy as their investments grow. He spoke in the Oval Office at an event marking the completion of automatic enrollment in the program. “If all goes well, which I think it will, they’ll end up being quite rich by the time they’re 18 and then 21 and as time goes by,” Trump said. Trump described the young participants as already rich and likely to bec…
What to know about Trump Accounts and automatic enrollment - WXXV News 25
By ADRIANA MORGA and WYATTE GRANTHAM-PHILIPS NEW YORK (AP) — Whether you realize it or not, your child may be enrolled in a “Trump Account.” Rolled out earlier this year, the Trump Accounts program allows parents to claim special investment accounts for children who are 18 years old or younger. And some babies and newborns are eligible to receive a...
Time Magazine
khbrknews60 Million Kids Auto-Enrolled in Trump Accounts: What Parents Should Know
President Donald Trump speaks about "Trump Accounts," investment savings accounts for children, in the Oval Office in the White House in Washington, D.C. on October 7, 2026. —Alex Wroblewski—AFP/Getty ImagesSixty million American children were automatically enrolled into “Trump Accounts” on Oct. 1, President Donald Trump announced.Roughly 10 million of the investment accounts for kids have also been created by parents or guardians following the …
Find out who can get the $1000 from the Trump accounts for children in the U.S. and what families should do to access the contribution.
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