70M Kids Automatically Enrolled in Trump Accounts for Wealth Building
Trump announces automatic enrollment of 70M children in federal investment initiative for long-term wealth.
3 min read
President Donald Trump announced on Wednesday that approximately 70 million American children under the age of 18 are now automatically enrolled in “Trump Accounts,” a federal investment initiative designed to build long-term wealth for the next generation. The move, part of the Trump administration’s broader economic strategy, aims to expand access to financial growth for young Americans.
Auto-Enrollment Expands Access to Federal Investment Program
The accounts, established under the “One Big Beautiful Bill” (OBBB) legislation, provide a $1,000 federal seed contribution to eligible children born between January 1, 2025, and December 31, 2028. The money is deposited into tax-deferred investment accounts that can be accessed for qualifying expenses like higher education or purchasing a first home.
Previously, parents had to actively file paperwork to register their children, but the new system streamlines the process by automatically enrolling eligible minors based on data from tax returns and Social Security Administration records. This change eliminates the administrative burden on families, ensuring more children can benefit from compounding growth.
Parents Still Required to Verify Accounts
While the accounts are automatically created, parents and legal guardians must still complete a brief verification step via the program’s website or mobile app to formally claim and manage the custodian account. The initiative also allows for supplemental contributions from families, employers, and private donors, with annual limits set at $5,000 per child and $2,500 from employers.
Trump emphasized during his remarks that the program ensures all American families, regardless of financial background, can participate directly in the nation’s economic output. The initiative reflects a growing focus on long-term wealth-building strategies for future generations.
President Trump says nearly 8 million accounts were created in the first three months of the Trump Accounts program, with more than $4.5 billion deposited since July 4. He urges parents to download the official Trump Accounts app to claim and manage their children’s accounts,… pic.twitter.com/r10XU3m2rK
Susan Dell, wife of Dell Technologies CEO Michael Dell, says she and Michael have been moved by letters from children and families about Trump Accounts, with kids sharing their dreams of becoming entrepreneurs, doctors, nurses, and engineers. She encouraged parents and… pic.twitter.com/jcXFzeeyup
Dell Technologies CEO @MichaelDell says the company has funded 10 million Trump Accounts for children as part of its $6.25 billion commitment to contribute $250 to 25 million accounts. Dell says the remaining accounts will be funded by the end of the week, encouraging parents to… pic.twitter.com/Ag6wfPdfAn
Trump Accounts are expanding nationwide, with more than 60 million additional eligible children now automatically enrolled. The administration says billions of dollars have already been deposited into the accounts, with major companies and philanthropists contributing. Watch… pic.twitter.com/ryLx7guMv7
Ted Cruz tells American children to rudely reject gifts from their family members. "Your next birthday party, you know, your Aunt Susie might get you an ugly sweater. And you might say to Aunt Susie, instead of the ugly sweater, how about put 50 bucks in my Trump account?" pic.twitter.com/sN0HJhcJh9
LIVE: Pres. Trump Celebrates Automatic Enrollment of Trump Accounts https://t.co/z7qrXcWqq8
Source: OANN
