President Donald Trump lauded the Treasury Department’s automatic enrollment for Trump Accounts at an Oval Office event on Oct. 7.
Trump highlighted that approximately 70 million U.S. children have been auto enrolled in these tax-advantaged investment accounts.
“If all goes well, which I think it will, they’ll end up being quite rich by the time they’re 18, and then 21, and as time goes by,” Trump told reporters. “This money is your child’s future. And when you were a child in the old days, your child would hit 18 and there’s nothing.”
Estimates vary, but the Milken Institute projected in a March 2025 paper that $1,000 accounts could grow, on average, to $8,000 after 20 years. After 40 years, they could reach $69,000….