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Trump Accounts Reach 70 Million Enrolments With Wealth Predicted By 18
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Firstpost•08-10-2026, 14:45
Trump Accounts Reach 70 Million Enrolments With Wealth Predicted By 18
- •US President Donald Trump announced that 70 million American children are now enrolled in Trump Accounts, praising it as a historic step for the American Dream.
- •The Treasury Department automatically enrolled 60 million children under 18, building on 10 million children whose parents previously opted into the programme.
- •The administration reports that $2.2 billion has been deposited into the long-term investment accounts since their official launch.
- •The Treasury provides a one-time $1,000 contribution for children born between January 1, 2025, and December 31, 2028, with additional private-sector funding from companies like Uber, Nvidia, and Michael Dell.
- •Beneficiaries can access the accumulated funds upon turning 18 for Treasury-approved purposes such as higher education and home purchases.
Key Questions Answered
Trump Accounts have reached 70 million enrolments after the Treasury Department automatically enrolled 60 million children under 18, adding to 10 million children whose parents had previously opted in.
The Treasury has committed a one-time $1,000 contribution for every American child born between January 1, 2025, and December 31, 2028.
Once beneficiaries turn 18, they can access their funds for Treasury-approved purposes, which include higher education and home purchases.
