{
  "id": 13895892,
  "title": "Nearly 70 million kids now have a Trump Account—but parents have to claim it first. Here’s who gets the $1,000",
  "url": "https://urgent.news/2026/10/12/nearly-70-million-kids-now-have-a-trump-account-but-parents-have-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T06:57:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/12/trump-accounts-70-million-kids-auto-enrolled-how-to-claim-1000/"
  },
  "original_language": "en",
  "account": "Nearly every child in America now holds a Trump Account, according to the Trump administration, with over 60 million accounts created automatically for eligible minors. President Donald Trump announced this achievement on Oct. 7 during an Oval Office event, stating that every eligible child has been enrolled. However, parents and guardians must still claim their child's account through the Trump Accounts app before accessing the government's $1,000 seed deposit. The administration has deposited more than $4.5 billion into these accounts, including $1.3 billion in government seed contributions and $2.6 billion in philanthropic gifts, averaging $64 per child. Critics argue that the program's benefits primarily go to wealthier families, while the White House claims that about 80% of accounts belong to families earning less than $200,000 annually. To claim an account, parents or guardians can use the Trump Accounts app on iOS or Android, with family and friends allowed to contribute up to $5,000 annually and employers up to $2,500 a year. The $1,000 seed is available only to U.S. citizen children born between 2025 and 2028.",
  "summary": "The Treasury auto-enrolled more than 60 million children, and $4.5 billion has flowed in since July. But the government’s seed money only goes to kids born from 2025 through 2028, and the new stock gifts come with strings attached.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Oil prices fall on Trump’s ‘energy ceasefire’ claim, Asian markets mixed",
        "url": "https://urgent.news/2026/10/12/oil-prices-fall-on-trumps-energy-ceasefire-claim-asian-markets-mixed",
        "published": "2026-10-12T08:24:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}