A major expansion of a federal savings initiative will see millions of children automatically enrolled in investment accounts without requiring parental sign-ups, according to new Treasury Department rules. The policy will extend coverage to over 60 million additional minors under 18, marking a significant shift from previous enrollment requirements. Officials say the change aims to broaden access to long-term savings opportunities for families. Critics and supporters alike are likely to scrutinize the move’s impact on financial literacy and parental involvement in children’s financial futures.
The Treasury Department will automatically enroll millions of children in Trump Accounts under new rules released Tuesday, eliminating the need for parents to sign up for the investment program. The auto enrollment will create accounts for more than 60 million additional children under the age of 18, according to department guidance. The move is intended...
