Story perspectives

Trump Announces Automatic Enrollment for 60 Million Children

By Drooid · Oct 10, 2026, 12:33 AM UTC · How we work

Summary

Story summary

U.S. President Donald Trump announced automatic enrollment of over 60 million American children in Trump Accounts.
Treasury Secretary Scott Bessent said the program expands from 8 million existing accounts to over 60 million.
Children born Jan. 1 2025–Dec. 31 2028 receive a $1,000 government seed contribution when claimed.
Parents may contribute up to $2,500 pretax annually, with a $5,000 yearly cap per child.
Researchers say automatic enrollment aids early wealth-building but activation steps could deter low-income families.

1 of 1

Story summary

U.S. President Donald Trump announced automatic enrollment of over 60 million American children in Trump Accounts.
Treasury Secretary Scott Bessent said the program expands from 8 million existing accounts to over 60 million.
Children born Jan. 1 2025–Dec. 31 2028 receive a $1,000 government seed contribution when claimed.
Parents may contribute up to $2,500 pretax annually, with a $5,000 yearly cap per child.
Researchers say automatic enrollment aids early wealth-building but activation steps could deter low-income families.