Trump says nearly 70 million child accounts were created

President Donald Trump said Wednesday that automatic enrollment has created Trump Accounts for millions of eligible children, with the White House reporting nearly 70 million accounts in total. Parents and guardians must still claim and activate an automatically created account before they can manage it or make or receive permitted contributions. The White House said more than 60 million accounts were created through automatic enrollment. Treasury rules allow accounts to be established for eligible children who did not already have one, using authorized government information. The reported totals measure different things: Treasury estimates the rules will affect roughly 73 million children in about 44 million families and lead to more than 60 million additional accounts in 2026. The figures have not been reconciled in the information provided. Opening an account does not automatically deliver the separate $1,000 federal contribution. That one-time payment is limited to qualifying children born from January 1, 2025, through December 31, 2028, and a parent or guardian must make a separate election or claim for the child to receive it.