President Donald Trump celebrated the automatic enrollment of roughly 70 million American children into Trump Accounts, calling the program a path to lasting wealth for the next generation.
In an Oval Office press conference on Wednesday, Trump praised the Treasury Department’s move to place every eligible child under 18 with a valid Social Security number into one of the new accounts. The White House put the total at roughly 70 million.
Fox Business reported the event, held Oct. 7, 2026, at the White House in Washington, D.C., as Trump highlighted private donations and corporate pledges meant to grow alongside a stronger economy.
Parents and guardians still must claim each account through the official app on the Apple App Store or Google Play, or through the web version, before they can manage funds or accept contributions. The accounts sit as tax-advantaged investment vehicles structured like IRAs, with withdrawals barred until the beneficiary turns 18.
Michael Dell, CEO of Dell Technologies, and his wife Susan donated roughly $6.25 billion to the program, enough to put $250 into 25 million accounts. A photo caption at the event put the figure at $6.5 billion. Michael Dell said the money would be deposited by the end of the week.
Susan Dell urged families to act. She told the audience the accounts already hold money and stand ready.
"So parents and grandparents, please claim your child's account. These accounts are ready. They're waiting for you, and they have money in them."
She added a direct message to the next generation.
"We believe in you, and we want you to dream big because we know you can make your dreams come true."
A White House official told Fox News that an estimated 80 percent of the Trump Accounts link to families earning less than $200,000 a year. The same official said automatic enrollment widens access to philanthropic gifts that might otherwise miss working households.
Republicans created the accounts in their signature tax-and-spend law last year, referred to as the Big Beautiful Bill. The federal government adds a one-time $1,000 seed payment for certain account holders, those born between Jan. 1, 2025, and Dec. 31, 2028. That government payment does not count against the regular contribution limits.
For 2026 and 2027 the normal yearly contribution cap sits at $5,000, with inflation adjustments afterward. Family and friends may give up to that $5,000 figure. Employers may add up to $2,500 per year.
Trump said more than 70 companies have already agreed to contribute for employees’ children. He named Uber, Intel, Nvidia, and Steak n’ Shake among them.
Trump cast the program as a break from earlier generations who reached adulthood with empty pockets.
"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."
He projected long-term growth if markets and policy stay on track.
"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."
He closed the point by tying the accounts to broader economic gains.
"Now, every member of the next generation will have an investment account and will benefit from our booming economy."
The vast majority of enrolled children will not receive the Treasury’s $1,000 payment and will instead depend on family, friends, employers, and donors such as the Dells. Automatic enrollment removes the first paperwork barrier; claiming the account unlocks the rest.
Trump thanked Michael and Susan Dell by name during the Oval Office appearance and used the moment to spotlight both the scale of the enrollment and the private capital already flowing in.
When government opens the door to ownership and private citizens fill the accounts, children gain a stake instead of another promise.
