To unlock funds, including a $1,000 federal seed for children born between 2025 and 2028, a family member must claim the account via a mobile app. Families and employers can contribute up to $5,000 annually. New Treasury rules also allow approved private charities to donate individual stocks to accounts of at least 5,000 children, though parents cannot reject these shares or sell them for five years. Treasury Secretary Scott Bessent compared the initiative to the GI Bill, noting that 38% of Americans owned no stock prior to the program's launch.
Tuesday, October 20, 2026
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Trump Auto Enrolls 70 Million Children in Universal Investment Program
US Politics13 days ago
The U.S. Treasury completed a digital rollout on October 7 that establishes individual savings accounts for every eligible minor in the country. President Trump announced in the Oval Office that nearly 70 million children have been added to the federal Trump Accounts program, expanding the user base from the 8 million voluntary accounts created since July. Michael Dell has committed $6.25 billion to seed the program, providing $250 to 25 million accounts, with 10 million of those already funded as of this morning. Total deposits into the system have reached $4.5 billion since July 4.
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