60 million US children will be auto enrolled in Trump accounts, some eligible for $1,000

The United States Treasury Department has announced new guidance that will automatically enroll up to 60 million children in Trump Accounts, removing the previous requirement for parents to manually sign up. The automatic enrollment process is scheduled to begin on October 1.

Under the updated procedures, tens of millions of American children will be included in the program. Additionally, the coverage notes that some participants will be eligible to receive up to $1,000 as part of the initiative.