A major expansion of the Trump-era child savings program has automatically enrolled tens of millions of eligible children, with new rules reshaping how donations work. Under the updated system, families will receive individual stocks they cannot select or decline, which must be held for at least five years. The Treasury Department’s move also introduces restrictions on how funds can be managed, marking a shift from previous versions of the program. Financial experts and reporters are analyzing the implications of these changes for both donors and participating families.
The Treasury Department has created Trump Accounts for every eligible child, automatically enrolling more than 60 million. The expansion also comes with changes to how the program works. Donors can now donate individual stocks that families can't choose or reject and must keep for five years. Amna Nawaz discussed more with Wall Street Journal reporter Richard Rubin.
