✉news BusinessPersonal Finance first seen 1 d ago, last 6 h ago, peak #1
Parents warned children may be auto-enrolled in Trump accounts
Original: Your child may have been automatically enrolled for a Trump account: What to know
Some parents are being alerted that their children may have been automatically enrolled in so-called Trump accounts, the new federally backed investment accounts for minors. The Hill reports families should check whether their child was signed up without their explicit action and understand the account's terms. The notice has prompted confusion among parents about how the accounts work, what funds they hold, and whether to keep or close them.
Why now: Families are reacting to news that children could be enrolled in the new government-backed savings accounts without parents' explicit consent.
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