# Trump Accounts Enroll 60M Kids

> 60 million American children automatically enrolled in tax-free investment accounts under Trump's program.
- Title: Trump Accounts Enroll 60M Kids · TIME | Shortify
- Summary: 60 million American children automatically enrolled in tax-free investment accounts under Trump's program. 60 million U.S. children under 18 now have…
- Keywords: trump accounts, children, social security number, investment accounts, federal government, philanthropic donations, s&p 500 index, individual retirement arrangement, Trump, Accounts, Enroll, 60M
- Source: TIME — https://time.com/article/2026/10/08/trump-accounts-automatic-enrollment-children-investment
- Author: Connor Greene
- Published: 2026-10-08T22:38:49.56+00:00
- Read time: 1 min
- Topics: trump accounts, children, social security number, investment accounts, federal government, philanthropic donations, s&p 500 index, individual retirement arrangement
## Trump Accounts Launch
President Donald Trump announced automatic enrollment of 60 million american children under 18 into tax-free investment accounts on october 1.

> today we celebrate our next historic … step to ensure every american child has a fair shot at the american dream
## Total Enrollees
10 million accounts created by parents or guardians since july 4, bringing total enrollees to 70 million children with social security numbers.
## Funds Deposited
over $4.5 billion deposited into trump accounts since launch, including $1.3 billion in federal seed money and $2.6 billion in philanthropic donations.
## Account Details
accounts track s&p 500 index performance, accessible only after children turn 18 when they become traditional ira accounts.
## Michael Dell's View
michael dell stated children with such accounts are more likely to graduate college, buy homes, and improve mental health.

> our studies found that when a child has an account like this, they are way more likely to graduate from high school, to go into college and graduate to buy a home, to not be incarcerated, to be a contributing member of society, and it improves the mental health of both the child and the parent, even with a relatively small sum
## Urban Institute View
madeline brown of the urban institute says the program provides opportunity but fails to address wealth gaps for lower-income families.

> there's no essentially guaranteed other money for lower income kids
## Eligibility Criteria
children born between january 1, 2025, and december 31, 2028, receive $1,000 seed deposits from the federal government.
## Additional Deposits
children living in zip codes with median family income at or below $118,000 receive $250 deposits from the dells, affecting about 25 million children.
## Claiming Accounts
parents must visit trumpaccounts.gov to download the app and verify identity and relationship to claim accounts.
## Key takeaway

60 million U.S. children under 18 now have tax-free investment accounts to build wealth, with $4.5 billion deposited since launch.