President celebrates automatic enrollment of 70 million Trump Accounts for children
The White House said automatic enrollment expanded access as more than $4.5 billion was deposited and over 70 companies pledged contributions.
- 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.
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70 Articles
Now Trump announced the automatic registration of about 70 million under-18s in the Trump Accounts calls
Trump announces ‘historic’ enrollment of 70 million children into Trump Accounts
President Donald Trump on Wednesday hailed what he called the "historic" enrollment of 70 million American children into his Trump Accounts, calling them "a step to ensure every American child has a fair shot at the American Dream." The administration announced that beginning on Oct. [...]
Up to 25 million Trump Accounts could be funded by mid-October, IRS CEO Frank Bisignano says
Up to 25 million Trump Accounts could receive funding by mid-October, according to IRS CEO Frank Bisignano, following Treasury's announcement that over 60 million American children have been automatically enrolled.
Less than a month after the elections, Trump announced a program to support minors with an initial government contribution of $1,000.
70M Kids Have Now Been Auto-Enrolled in 'Trump Accounts'
Kids across America just got investment accounts they didn't sign up for, Fox Business reports. President Trump on Wednesday hacked the Treasury Department's move to automatically open "Trump Accounts" for roughly 70 million eligible miners with Social Security numbers, calling it a way for today's children to grow "quite rich"...
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