President Donald Trump is marking a major expansion of his signature investment program for American children Wednesday, announcing that nearly 70 million Trump Accounts have now been created as the administration completes automatic enrollment for eligible children across the country.
Trump is hosting an event at the White House Wednesday afternoon alongside Treasury Secretary Scott Bessent and philanthropists Michael and Susan Dell to highlight the milestone.
The move means eligible children under 18 with valid Social Security numbers now have Trump Accounts automatically established for them rather than requiring their parents to initiate the process.
“Trump Accounts are a life-changing initiative that will jump-start the American dream for generations to come,” White House spokeswoman Taylor Rogers said ahead of Wednesday’s event.
“With automatic enrollment now complete, every American child under the age of 18 has a Trump Account in their name, making it easier than ever for families to participate,” Rogers added. “Nearly 70 million Trump Accounts have already been created, giving young Americans a new opportunity to build lifelong financial security.”
The Treasury Department formally completed the automatic enrollment process last week, saying more than 60 million additional eligible children had accounts created on their behalf. Millions of families had already enrolled before the automatic expansion.
“With automatic enrollment, over 60 million more eligible children now have an account ready to be claimed,” Bessent said when Treasury announced the move. “This is a transformative milestone in the Trump Administration’s effort to give every American child the opportunity to build generational wealth and jump-start their financial future.”
How Automatic Enrollment Works
The accounts were created under the Working Families Tax Cuts Act Trump signed into law on July 4, 2025.
Trump Accounts are tax-advantaged investment accounts for children under 18. Under Treasury regulations that took effect at the end of September, the Treasury secretary can establish an account on behalf of an eligible child who has not already been enrolled.
That represents a major change from the program’s original rollout, when a parent or other authorized person generally had to take action to establish the account.
Automatic enrollment does not mean parents have nothing left to do, however.
A parent or guardian still has to claim the automatically created account through the Trump Accounts app to manage it and allow family members, friends and employers to contribute.
Eligible families must also claim the account for their child to receive the federal government’s one-time $1,000 seed contribution.
That contribution is available to U.S. citizen children born between Jan. 1, 2025, and Dec. 31, 2028, who have valid Social Security numbers.
Parents and others can generally contribute up to $5,000 annually during the initial growth period, while employers can contribute up to $2,500 annually to the accounts of employees or their dependents under separate rules issued by the Treasury Department and IRS.
The money is designed to be invested in low-cost funds tracking major U.S. stock indexes.
Trump Touts An Early Start For American Children
Trump has repeatedly promoted the accounts as a way to give children an ownership stake in the American economy from an early age.
“This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation,” Trump said in remarks featured on the program’s official website. “And they’ll really be getting a big jump on life.”
When the accounts officially launched in July, Trump joined the New York Stock Exchange and Nasdaq opening-bell ceremonies remotely from the Oval Office.
“With the ringing of the opening bell for the stock market, [Trump Accounts] will now begin to grow right along with our booming economy,” Trump said at the time.
“Every one of our kids is now going to be an owner of the biggest producers in our country,” the president added.
Trump also said during the July launch that the initiative was something he was “very proud of,” adding that some supporters believed it could eventually be remembered as “one of the most important things we’ve done during the administration.”
The automatic enrollment system brings the administration significantly closer to the goal supporters outlined during that event.
“All 70 million children will have accounts open for them,” Sen. Ted Cruz (R-Texas) told Trump during the July ceremony, thanking the president for committing his administration to automatic enrollment.
The program has also drawn substantial private-sector support.
Michael and Susan Dell previously committed $6.25 billion toward Trump Accounts, while dozens of companies have announced plans to contribute to accounts belonging to their employees’ children.
Treasury officials have argued that automatic enrollment will make those philanthropic contributions easier to distribute broadly because children can receive certain qualifying contributions even if their parents did not initially sign them up.
For families, however, the administration is encouraging parents to take the additional step of claiming the newly created accounts so they can manage the investments and take full advantage of available contributions.
The latest expansion turns what began as an opt-in investment program into one with an account established for essentially every eligible American child.
And for children who never have their automatically created account claimed by a parent, the money does not disappear. According to the program’s official support center, an unclaimed account remains open and invested before converting into a traditional IRA when the child turns 18.
