60 Million Children Have Been Automatically Enrolled in Trump Accounts. Here’s What Parents Should Know
Here's how the investment accounts for children work, and how you can claim one for your child.
President Donald Trump announced on October 1, 2026, that 60 million American children have been automatically enrolled into a new program called "Trump Accounts." This investment savings account initiative aims to provide every child under 18 with a tax-free investment account to grow over their lifetime. Since the program's launch on July 4, 2026, an additional 10 million accounts have been created by parents or guardians.
These accounts, established under the "One Big Beautiful Bill," will be managed by parents or guardians until the children turn 18. At that point, the funds can be accessed and are invested in a fund tracking the performance of the S&P 500 Index. Contributions can be made up to $5,000 per child annually, with seed deposits ranging from $1,000 to $1,250 depending on the child's birth year and zip code.
The funds can only be accessed after a child turns 18, at which point the account becomes a traditional Individual Retirement Arrangement (IRA). While the accounts are under children's names, they are managed by parents or guardians until the owners turn 18. The program was introduced to help build long-term wealth for American children, with potential benefits including higher graduation rates, college attendance, homeownership, and reduced incarceration rates.
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