๐จBREAKING: Nearly 70 million Trump Accounts have already been created for American children under 18 โ but parents still need to claim them.
The Treasury Department says more than 60 million of those accounts were set up through automatic enrollment. Every eligible child under 18 with a Social Security number now has an account in their name. Parents or guardians can claim it through the Trump Accounts app by verifying their identity and relationship to the child.
U.S. citizen children born between January 1, 2025, and December 31, 2028, also qualify for a one-time $1,000 federal seed contribution. That money is not automatic โ parents must claim the account and elect the contribution to receive it.
The accounts are tax-advantaged investment accounts designed to grow for the child until age 18. Families can contribute more each year on top of any government or private deposits.