A major expansion of the Trump Administration’s "Trump Accounts" savings initiative is underway, with automatic enrollment now fully operational nationwide. The White House reports that the program has already seen explosive growth, with tens of millions of accounts created—most of them through the hands-free enrollment system. While participation has surged, parents and guardians will still need to take steps to activate and manage these accounts. The move aims to further simplify access to child savings programs, though eligibility and claim processes remain in place.
President Trump on Wednesday is set to announce that automatic enrollment is live for his signature “Trump Accounts” initiative, expanding access to the savings accounts for children across the country. The White House says nearly 70 million accounts have already been created, with the majority opened via the automatic feature. Parents and guardians must claim...
