President Donald Trump celebrated the Treasury’s automatic enrollment of roughly 70 million children in Trump Accounts, calling the tax-advantaged savings a foundation for the next generation’s wealth.
In the Oval Office on Oct. 7, 2026, Trump praised the rollout after the Treasury Department said every eligible child under 18 with a valid Social Security number now holds a Trump Account. Parents and guardians still must claim the accounts to manage them and receive contributions.
Fox Business reported the White House put the total near 70 million accounts created under Republicans’ signature tax-and-spend law from last year, known as the Big Beautiful Bill. The accounts are tax-advantaged brokerage accounts structured as IRAs, with a ban on withdrawals until the beneficiary turns 18.
Trump framed the program as a direct break from the old pattern in which young adults reached 18 with nothing set aside.
"This money is your child's future. And when you were a child in the old days, your child would hit 18 and there's nothing."
He added that the next generation will share in a stronger economy through these accounts.
"Now, every member of the next generation will have an investment account and will benefit from our booming economy."
A White House official told Fox News an estimated 80% of Trump Accounts are tied to families earning less than $200,000 a year. Automatic enrollment also opens the door wider for private donors who want to seed children’s savings.
That design puts long-term capital in the hands of ordinary households instead of limiting the benefit to families already fluent in brokerage paperwork. The accounts sit ready; the remaining step is for parents and grandparents to claim them.
Michael Dell, CEO of Dell Technologies, and his wife, Susan Dell, appeared with the president and committed a major private gift. Reporting put the donation at roughly $6.25 billion, enough to place $250 into 25 million accounts. A photo caption at the event listed the figure at $6.5 billion. Michael Dell said the funds would be deposited by the end of that week.
Susan Dell urged families to act.
"So parents and grandparents, please claim your child's account. These accounts are ready. They're waiting for you, and they have money in them."
She also told young people the gift carried a clear message.
"We believe in you, and we want you to dream big because we know you can make your dreams come true."
Trump thanked the couple and projected strong long-run results if the accounts compound as intended.
"If all goes well, which I think it will, they'll end up being quite rich by the time they're 18, and then 21, and as time goes by."
The federal government provides a one-time $1,000 contribution to certain account holders. Beneficiaries must have been born between Jan. 1, 2025, and Dec. 31, 2028, to qualify for that Treasury payment. The $1,000 government seed does not count against the normal annual contribution limit.
For 2026 and 2027, the standard contribution limit is $5,000 per year, with inflation adjustments afterward. Family and friends may contribute up to $5,000 a year. Employers may add up to $2,500 a year.
Trump said more than 70 companies have agreed to contribute for employees’ children. Named participants include Uber, Intel, Nvidia, and Steak n’ Shake.
Automatic enrollment creates the account. Control and incoming contributions require a claim by a parent or guardian. The official app is available on the Apple App Store and Google Play, with a web version as well.
Once claimed, the accounts function as long-horizon investment vehicles locked until age 18. The structure is meant to keep the money growing through childhood rather than draining early.
Trump cast the program as a practical tool for building wealth across an entire generation, backed by public seed money, employer dollars, and large-scale philanthropy. The accounts exist. Families now decide whether to claim them and put the capital to work.
When policy rewards work, thrift, and private generosity instead of dependency, kids get a real stake in America’s growth, and that is exactly the point.
