Trump Accounts Auto-Enroll Success Hinges on Parents’ Key Step

The US Treasury Department has automatically enrolled tens of millions of children in Trump Accounts, a new tax-advantaged savings program designed to expand access to long-term investing. Mayer Brown partner Hillary August is quoted in the article, noting that the program's success will ultimately depend on whether parents and guardians take the additional step of claiming the accounts. “There is still an open question, how many parents will take that active step?” she said, highlighting ongoing uncertainty around participation and account uptake.