{"id":47558,"date":"2026-09-29T17:46:06","date_gmt":"2026-09-29T17:46:06","guid":{"rendered":"https:\/\/financialrush.com\/?p=47558"},"modified":"2026-09-29T17:46:06","modified_gmt":"2026-09-29T17:46:06","slug":"trump-accounts-to-auto-enroll-children","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=47558","title":{"rendered":"Trump Accounts to auto-enroll children"},"content":{"rendered":"

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US President Donald Trump during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. <\/p>\n

Valerie Plesch | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The U.S. Department of the Treasury said Trump Accounts<\/a> will begin auto-enrolling millions of children as early as Oct. 1, according to temporary regulations<\/a> published Tuesday.<\/p>\n

The change could increase the number of children enrolled in Trump Accounts in 2026 by more than 60 million, the guidance said. In future years, the regulations could boost enrollment by about two million accounts a year.<\/p>\n

So far, 7 to 8 million American children have been signed up for Trump Accounts, and “we anticipate within a month we will have 70 million because we will go to auto-enroll,” Treasury Secretary Scott Bessent said Sept. 15 at a hearing held by the\u00a0House Financial Services Committee<\/a>. \u00a0<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The tax-deferred investing accounts, which launched on July 4, include a one-time $1,000 deposit from the Treasury\u00a0Department for kids born between 2025 and 2028.\u00a0Other funds<\/a>\u00a0may also be available for qualifying families.<\/p>\n

But because signing up for a Trump Account has required families to “opt in” by filing IRS Form 4547 with their\u00a0tax return<\/a>\u00a0or via\u00a0TrumpAccounts.gov<\/a> \u2014 overall participation rates, especially among low-income families, has been low, other research shows.<\/p>\n

The Social Security Administration previously said it would introduce a process to enroll newborns at the hospital at the same time families request a Social Security number during the birth registration process.\u00a0<\/p>\n

This is a developing story. Please check back for updates.<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n\n
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