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Story summary
- U.S. President Donald Trump announced automatic enrollment of all children under 18 with a Social Security number into Trump Accounts.
- The Treasury Department reported the rollout created over 60 million new accounts, bringing total Trump Accounts to nearly 70 million.
- Since July 4, more than $4.5 billion has been deposited, including $1.3 billion in government seed contributions.
- Treasury projects the $1,000 seed could grow to $243,000 by age 55, and maxed contributions could reach $13 million.