Trump Accounts Enroll 6 Million Children as 1.4 Million Qualify for $1,000 Treasury Deposits
Updated
Updated · Fox News · Jul 21
Trump Accounts Enroll 6 Million Children as 1.4 Million Qualify for $1,000 Treasury Deposits
2 articles · Updated · Fox News · Jul 21
Summary
More than 6 million children have signed up for Trump Accounts, with 1.4 million eligible for a $1,000 Treasury contribution under the deferred investment program.
The accounts are pitched as a way to give children an early asset stake and improve long-term outcomes; Michael Dell, whose family donated $6.25 billion to the effort, said even small balances can lift graduation, homeownership and business formation.
Trump also signed an April executive order creating a low-cost TrumpIRA, aimed at workers who lack employer retirement plans; one analysis said about 40% of full-time workers and most part-time workers lack such access.
The enrollment figures arrive as Republicans try to sell a stronger economic message before midterm elections, despite polls showing 61% of Americans pessimistic about the economy and Trump holding a 33% approval rating on it.