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Millions of US children auto-enrolled in tax-free Trump Accounts to build savings for their future

Market News
07 Oct 2026
Fox Business
View Source
Bullish
Millions of US children auto-enrolled in tax-free Trump Accounts to build savings for their future

The US government has automatically enrolled about 70 million eligible children under 18 in tax-free investment accounts called Trump Accounts, designed to grow savings over their lifetimes. Parents or guardians must claim the accounts to manage them and receive contributions. The program includes a $1,000 government seed payment for some children and significant private donations, including $6.25 billion from Michael and Susan Dell. Contributions can be made by family, friends, and employers, with limits set to encourage long-term savings. This initiative aims to provide financial security for the next generation and broaden access to investment opportunities for families earning under $200,000 annually.

Michael and Susan Dell's $6.25 billion contribution to the Trump Accounts highlights their commitment to long-term financial growth. On Pluang, Dell Technologies Inc (DELL) shares trade at USD 580.60 with a 1-day gain of 1.18% as of Oct 08, 2026 01:21 WIB.

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