President Trump said every eligible minor child in America has been automatically enrolled in a Trump Account, a private-ownership push now racing toward 70 million kids with billions already deposited.
In Washington on Wednesday, standing with business leaders, lawmakers, and children, President Donald Trump announced that automatic enrollment is complete for the accounts that carry his name.
“Today, I’m pleased to announce that every single eligible minor child in America has now been automatically enrolled in a Trump Account,” Trump said.
The accounts were created in the One Big Beautiful Bill Act, which Trump signed on July 4, 2025. Under that law, the Treasury Department sets up a tax-advantaged investment account for eligible children who have Social Security numbers. The money grows until the end of the year the child turns 17 and is meant for the child’s use after age 18.
Trump cast the rollout as a landmark expansion of private ownership for the next generation, not another government handout controlled from Washington.
“Since launching in July, nearly eight million accounts have been created in three months,” Trump said. “With today’s announcement, we’re building on that success by enrolling 70 million accounts of children across America, and they’ll all be enrolled into the Trump Accounts.”
He said more than $4.5 billion has been deposited since the program began. The Treasury Department said last week it had already automatically opened accounts for eligible children who did not already have one.
Automatic opening does not finish the job for families. A parent or guardian must still claim the account to manage it and to receive contributions. Without that step, the account sits unused even after the government opens it.
U.S. citizen children born from Jan. 1, 2025, through Dec. 31, 2028, qualify for a one-time $1,000 federal seed deposit. Parents may contribute up to $5,000 a year. Employers may put in up to $2,500 a year without that amount counting as taxable income.
Dell Technologies founder Michael Dell appeared with Trump and described a massive private commitment. He and his wife, Susan Dell, pledged $6.25 billion, $250 each for 25 million children.
Dell said 10 million of those accounts had been funded as of Wednesday morning, with the remaining 15 million due by the end of the week. The gift targets children born from 2016 through 2024 who live in ZIP codes where median household income sits below $150,000, with deposits going first to lower-income areas.
Dell tied the money to a simple lesson.
"Teach your children about compounding, about investing, and about the benefits of capitalism."
“These children will grow up as owners,” he added.
Trump thanked Treasury Secretary Scott Bessent and Texas Sen. Ted Cruz for their work on the program, and he credited the Dells and other donors and major companies for stepping up.
“I’m even hearing Democrat senators stand up and say the Trump Accounts are fantastic,” Trump said. He used the moment to draw a hard line against the left’s economic model.
“Their policies are that of a communist, socialist. It won’t work,” he said. “It’s been proven over thousands of years by different names it doesn’t work.”
That contrast matters heading into the midterms. Voters who want kids to build capital, not depend on the state, now have a concrete program on the books, and a record to defend. Trump has already been flagging mail-in cheating risks while urging supporters to vote early and absentee to protect that majority.
House Democrats, for their part, have shown what a power shift would look like. Raskin has vowed that House Democrats will subpoena Trump’s family if they retake power, a reminder that the same party praising “fantastic” accounts in one breath has spent years targeting the Trump orbit in another.
The design is straightforward. Seed money and private contributions sit in a tax-advantaged account. The child reaches adulthood with a balance that compounds over time. Parents and employers can add to it. Private donors can supercharge it for lower-income ZIP codes.
That is the opposite of a permanent bureaucracy writing bigger checks forever. It puts a named asset in a child’s life and asks families to claim it and grow it. Dell’s framing, compounding, investing, capitalism, ownership, matches the statute’s basic architecture.
Democrats still nurse hopes of flipping chambers and stalling the administration through litigation and oversight. The DNC has sued the Trump administration over claims that federal funds bankrolled partisan ads, keeping the legal pressure campaign alive even as private capital flows into children’s accounts.
Senate control remains a live fight. Democrats have cleared key polling marks in Texas and Alaska as that contest tightens, which is why Trump’s midterm warning at the accounts event was not a side note. A program this large will not run on autopilot if the people who call capitalism the problem regain the gavel.
Trump also used the Wednesday event to answer questions far afield of the accounts, immigration enforcement, a possible secure retreat at his West Palm Beach, Florida, club, investigations of former officials, Federal Reserve rates, and trade talks with Canada. The through-line he kept returning to was simple: build assets for American kids, reject systems that have failed for generations, and do not surrender the majority that made the policy possible.
On the accounts themselves, the operational facts are no longer aspirational. The law is signed. Treasury has been opening accounts. Millions already exist. Billions are on deposit. The Dells’ $6.25 billion pledge is moving into accounts this week. Parents still have to claim the accounts to steer them. Employers have a clear, tax-clean path to contribute. Children born in the seed window get the $1,000 federal start.
Seventy million automatic enrollments turn a campaign theme into a balance sheet. The left can keep litigating and polling. Families can keep claiming accounts and watching them grow. Ownership scales faster than excuses.