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Trump Accounts to be opened automatically for 60 million children

Original: Trump Accounts will automatically be created for up to 60 million kids, Treasury says

The Treasury Department says so-called Trump Accounts will be created automatically for up to 60 million American children under the new federal savings program. The accounts, established through recent tax legislation, will give eligible children government-seeded investment accounts that families can build on over time. The announcement marks a major step in rolling out the program, which backers say will expand financial security for a new generation.

Why now: The Treasury's announcement of automatic enrollment for tens of millions of children is a significant new development in a federal savings program affecting families nationwide.

Trump AccountsUS Treasury DepartmentDonald TrumpUnited States

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