60 million children got Trump Accounts. Fewer than 1% were claimed in the first week | Fortune

The U.S. Treasury's Trump Accounts program has opened roughly 60 million children's accounts, but fewer than 1% were claimed in the first week, according to Fortune. The accounts function like a suspense account, holding funds that cannot yet be matched to an owner until families complete the claiming process. The low initial uptake matters because unclaimed balances are not yet truly allocated assets, and controllers typically monitor such accounts closely for reconciliation risk. What to watch next is whether claiming rates accelerate as outreach expands, and how quickly the Treasury can match parked funds to eligible children.