Treasury Says Every American Kid Under 18 Now Has a 'Trump Account' After Mass Auto-Enrollment
The White House says automatic enrollment is complete, pushing the tax-advantaged child investment accounts past 60 million sign-ups — with a $1,000 pilot contribution up for grabs for kids born 2025 through 2028.
President Trump touted his administration's "Trump Accounts" program from the Oval Office on Wednesday, with the White House declaring that automatic enrollment is now complete — meaning every American child under 18 with a Social Security number has one of the tax-advantaged investment accounts in their name.
Nearly 70 million Trump Accounts have been created so far, with more than 60 million of those generated through the automatic enrollment process rather than manual sign-up, according to CNBC's reporting on Treasury Department figures. "Trump Accounts are a life-changing initiative that will jump-start the American dream for generations to come," the White House said in a statement.
How the Money Works
The accounts function as tax-advantaged investment vehicles that can receive contributions from the federal government, parents and even private donors — some companies, including the Dell family, have already pumped money into specific children's accounts. Children born between 2025 and 2028 are eligible to claim a one-time $1,000 pilot contribution from the Treasury, though parents still need to formally claim and activate the account before they can manage it or add funds.
UP TO 25 MILLION ACCOUNTS COULD BE FUNDED BY MID-OCTOBER
IRS CEO Frank Bisignano said as many as 25 million accounts could carry an actual funded balance by the middle of this month, a sharp jump from the roughly 6 million accounts that had been funded as of late June, per CNBC.
What's Next
Treasury officials say the next phase focuses on getting parents to actually claim and activate the accounts now that auto-enrollment has swept up nearly every eligible child. Financial advisors have previously said the accounts could theoretically grow to $50,000 or more by adulthood depending on market performance and additional contributions, a projection Trump himself has touted. Congressional Democrats have questioned the program's long-term funding mechanism, but no legislative effort to roll it back has gained traction ahead of the midterms.