Trump Auto-Enrolls 60 Million Children in Investment Accounts

President Donald Trump announced Wednesday that 60 million American children were automatically enrolled in "Trump Accounts" on October 1, bringing total enrollment to 70 million when combined with 10 million accounts previously created by parents. The program, established by the One Big Beautiful Bill Act, provides tax-deferred investment accounts for children under 18 with Social Security numbers.

The White House reported more than $4.5 billion deposited since the July 4 launch, including $1.3 billion in federal seed money, $2.6 billion in philanthropic donations, and over $600 million from family and friends. Newborns and young children receive seed deposits from the federal government or philanthropists Michael and Susan Dell based on birth year and zip code.

“Today we celebrate our next historic step to ensure every American child has a fair shot at the American dream.”

Accounts are invested in a fund tracking the S&P 500 Index. Parents and others can contribute up to $5,000 per child annually. California Governor Gavin Newsom has endorsed the initiative, signaling potential Democratic support.

During the Oval Office event, Trump claimed he could have taken severe action against Barack Obama, Hillary Clinton, and Joe Biden but chose not to. Online attention also focused on Susan Dell's appearance as she stood behind the president.