More than 60 million American children under 18 have been automatically enrolled in Trump Accounts, the Treasury Department announced Thursday, according to CNBC.
The accounts, launched July 4, are available to children with Social Security numbers. Children born between 2025 and 2028 can qualify for a one-time $1,000 Treasury contribution, but parents must still claim the accounts to receive the money.
Families must use the Trump Accounts app to verify their identity, confirm their relationship to the child, review account details and accept the terms.
Participation had been limited under the previous opt-in system. Commonwealth found only 5% of low- and moderate-income families had opened accounts.
The organization estimates families could leave $2.88 billion in federal seed funding unclaimed.
Related Tweet:
The Treasury Department will automatically create Trump Accounts for more than 60 million children who don't have one, beginning on or about Oct. 1, under rules released Tuesday that end the requirement for parents or guardians to sign up. pic.twitter.com/sTxCXZye99
— NEWSMAX (@NEWSMAX) September 29, 2026
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