The initiative concerns accounts presented as savings and investment tools for minors. According to information reported by PBS NewsHour, the government will set them up with the aim of investing in stocks.
PBS NewsHour reports that Trump spoke of approximately 70 million children under 18 who would have an account opened automatically. The figure therefore remains tied to the president’s statement as reported by the outlet.
The announced arrangement is the automatic enrollment of minors considered eligible, without the announcement, as reported in the available sources, adding details about the individual cases involved.
The Hill reports, citing the White House, that nearly 70 million accounts had already been created and that most would have been opened through the automatic enrollment mechanism.
The program is thus described by the sources as a large-scale expansion of government investment accounts intended for children, with automatic access at the center of the president’s announcement.
The announcement was reported on October 7, 2026, by PBS NewsHour and The Hill, the two sources used to reconstruct the measure and the figures associated with its launch.