Treasury expands automatic enrollment of children in Trump Accounts
The Treasury Department issued guidance that could automatically enroll up to 60 million children in Trump Accounts, offering a $1,000 federal contribution.
Key points
- Guidance could enroll up to 60 million children born 2025‑2028 in Trump Accounts.
- Children 17 and younger are eligible; all eligible children are automatically enrolled.
- Parents or guardians must claim the accounts to receive the $1,000 contribution.
- The Social Security Administration’s Enumeration at Birth program helps parents obtain Social Security numbers for newborns.
- The President announced 70 million Trump Accounts have been assigned to eligible children under 18 with a valid SSN.
Automatic Enrollment of Children in Trump Accounts Expands Nationwide
New Treasury Department guidance indicates that tens of millions of American children could be automatically enrolled in Trump Accounts, potentially creating accounts for more than 60 million eligible youths.
The program targets children born between 2025 and 2028, who may qualify for an initial $1,000 contribution from the U.S. Treasury.
Trump Accounts are now available for individuals 17 years old and younger, and as of this month all eligible children have been automatically enrolled.
The President announced that 70 million Trump Accounts have been automatically assigned to every eligible child under 18 who possesses a valid Social Security number.
Parents or guardians must claim the accounts to access the $1,000 federal contribution and any additional funds.
The Social Security Administration’s Enumeration at Birth program simplifies the process for parents to request a Social Security number for newborns, facilitating the opening of a Trump Account.
Your questions, answered
How many children could be enrolled in Trump Accounts under the new guidance?
Up to 60 million children born between 2025 and 2028 could be automatically enrolled.
What must parents do to access the $1,000 contribution?
Parents or guardians must claim the accounts to receive the federal contribution.
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