Trump Accounts Hit 6 Million Enrollments in Months, Backed by Billions in Corporate and Philanthropic Pledges

The government-seeded Trump Accounts—$1,000 accounts for children born 2025–2028—launched July 4 and enrolled over six million families by July 2. Bank of America, Wells Fargo, Morgan Stanley, and Goldman Sachs pledged to match the initial federal contribution for employees' children. The Dells committed $6.25 billion to add $250 each to roughly 25 million low-income children's accounts. The program's scale mirrors 401(k) enrollment growth, though its reliance on private capital for meaningful wealth-building remains untested.