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Treasury says Trump Accounts will auto-enroll millions of children
Original: Trump Accounts will auto-enroll children, potentially adding 60 million accounts: Treasury
The Treasury Department says new Trump Accounts for children will operate through automatic enrollment, potentially creating about 60 million accounts. Under the plan, eligible children would be enrolled in the investment accounts without their parents needing to take action, a shift officials say could dramatically expand participation in the program. The announcement gives families and financial firms a clearer picture of how the rollout will work.
Why now: The Treasury's confirmation of automatic enrollment signals the scale of the new children's savings program, which affects families and the financial industry.
Donald TrumpUS Treasury DepartmentTrump Accounts
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