Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Fernanda Tronco

Nearly 70 million kids now have a Trump Account—but parents have to claim it first. Here’s who gets the $1,000

(Credit: Alex WROBLEWSKI / AFP via Getty Images)

The Trump administration says nearly every child in America now has a Trump Account. Whether the money in those accounts ever adds up to much is a different question.

The Treasury Department announced Oct. 1 that it had finished automatically enrolling eligible children in the tax-advantaged investment accounts, creating accounts for more than 60 million kids who didn’t already have one. Combined with the families who signed up on their own, that brings the total to nearly 70 million accounts, according to the White House.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.