Few Eligible Kids Have Trump Accounts

The Trump accounts are investment accounts for eligible children. These accounts are set to open for contributions on July 4. Despite the upcoming contribution date, there are barriers to uptake. More than six million children have been signed up for the accounts so far. However, this represents less than 10 percent of eligible children. The low uptake percentage suggests that many eligible children are not yet enrolled. Barriers to enrollment may be limiting the number of signups. The impact of these accounts on eligible children will depend on future contributions and uptake.