President Donald Trump celebrated the completion of automatic enrollment for Trump Accounts on Wednesday, announcing that 70 million children now have investment accounts in their name. Speaking in the Oval Office alongside business leaders, lawmakers and children invited to mark the milestone, Trump said nearly 8 million accounts had been created since the program launched in July and that more than $4.5 billion has been deposited into Trump Accounts. According to the White House, the automatic enrollment process is now complete, meaning that all eligible children have an account in their name, though parents or guardians must still claim the account before they can manage it or receive benefits. The program, created by the Treasury Department, automatically enrolls children who are US citizens, have Social Security numbers, and were born between January 1, 2025, and December 31, 2028. Every eligible child now has a $1,000 starting deposit under their name, which will be invested in US stock markets until they become adults.
Trump announced that more than 70 companies have committed to contribute to the Trump Accounts program, naming major corporations including Uber, Intel, Nvidia and Steak 'n Shake as participants. The accounts are designed as government-created investment vehicles that automatically invest money in US stock markets, primarily through low-cost funds tracking broad indexes such as the S&P 500. As reported, if a newborn receives the full $1,000 deposit and earns an average 7% annual return, the fund would be worth nearly $29,000 by age 18. The money is locked up for years, invested cheaply, and exposed to productive US businesses, with fees generally capped at 0.1% by the IRS. The default fund currently invests in State Street's SPYM ETF, with major technology companies like Nvidia (8.44% weight), Apple (7.29% weight), and Microsoft (5.76% weight) receiving the largest allocations. Parents can add up to $5,000 each year to the account, while employers may contribute up to $2,500 annually, with employer contributions not counting as taxable income for the employee.
The Trump Accounts program was established through the One Big Beautiful Bill Act, incorporating legislation written by Republican Senator Ted Cruz of Texas that sought to expand investment ownership among American children. As of October 1, the Treasury Department has automatically created accounts for eligible children who did not already have one, meaning millions of families now have an account waiting to be claimed. Every child under the age of 18 with a valid Social Security number is eligible for a Trump Account, though the government payment is available only to U.S. citizen children born between January 1, 2025, and December 31, 2028. Parents or guardians must claim the account through the official Trump Accounts platform before they can manage investments, make contributions, or allow others to contribute. The process is handled through the official Trump Accounts app, which is available on mobile devices, as well as through a web-based platform. The form also requires applicants to provide identifying information for themselves and the child, verify their authority to act on the child's behalf, and consent to the creation and maintenance of the account.
The White House event also featured Michael Dell, founder and CEO of Dell Technologies, who has committed roughly $6.25 billion to fund $250 deposits for up to 25 million eligible children born between 2016 and 2024 who do not qualify for the federal seed money. The Dell grants are aimed primarily at lower-income families and are available to children living in ZIP codes with a median household income of $150,000 or less. According to analysis, Trump Accounts create steady, relatively price-insensitive buyers with extremely long time horizons, which Wall Street finds enormously attractive. The program could provide structurally supportive demand for US stocks over 10-30 years, though immediate price impacts should remain minimal. However, the accounts may reinforce existing concentration of money in America's largest companies, with technology companies receiving disproportionate allocations due to market-cap weighting.
