Treasury to automatically enroll more than 60 million children in Trump Accounts

  • Treasury will automatically enroll more than 60 million additional children in Trump Accounts.
  • About 7 million of roughly 73 million eligible children have enrolled so far.
  • Families can contribute up to $5,000 annually per child beginning July 4, 2026.

The Treasury Department released rules Tuesday that will automatically enroll more than 60 million additional children under 18 in Trump Accounts, removing the initial requirement for parents or guardians to sign up. Roughly 7 million children have enrolled out of about 73 million eligible children, and Treasury Secretary Scott Bessent said auto-enrollment could lift the total to about 70 million accounts. The tax-deferred investment accounts, highlighted at their July launch by President Donald Trump, allow eligible children to invest in a fund tracking the S&P 500. Children born between 2025 and 2028 qualify for a one-time $1,000 Treasury contribution, though parents or guardians must request the payment and claim the account before making deposits or receiving employer contributions. Beginning July 4, 2026, families and other authorized contributors can add up to $5,000 annually per child, while employers can contribute up to $2,500. The expansion follows private commitments including Michael Dell's $6.25 billion pledge and Ray Dalio's offer to match $250 donations for eligible Connecticut children.

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