The White House reported that 70 million children have been enrolled in Trump Accounts as of October 2026. Each eligible child, defined as a US citizen born between January 1, 2025, and December 31, 2028, with a Social Security number, is eligible for a $1,000 government contribution.
Since July 4, more than $4.5 billion has been deposited into these accounts. The Treasury automatically creates the accounts, though parents must claim them to manage the funds or make additional contributions. Michael and Susan Dell have pledged $6.25 billion to the program.
Funds are primarily invested in low-cost ETFs tracking broad US stock indexes, such as the S&P 500, with fees capped at 0.1%. Approved options include SPYM, VTI, IVV, SPTM, and ITOT. As of October 1, the SPYM fund held significant positions in Nvidia, Apple, and Microsoft.
Critics, including the Cato Institute and the Tax Foundation, argue that the program adds complexity to the existing system of savings vehicles like 529s and 401(k)s. Concerns also persist regarding market volatility, potential tax disadvantages, and the concentration of capital in mega-cap technology stocks.
