President Donald Trump held a press conference Wednesday at the Oval Office celebrating the automatic enrollment of millions of American children in his "Trump Accounts."
The Treasury Department announced last week that every eligible child under 18 with a valid Social Security number now has a Trump Account, bringing the total to roughly 70 million accounts, according to the White House.
Parents or guardians must still claim their child's automatically enrolled account before they can manage it or begin receiving contributions.
"If all goes well, which I think it will, they'll end up being quite rich by the time they're 18, and then 21, and as time goes by," Trump said. "This money is your child's future. And when you were a child in the old days, your child would hit 18 and there's nothing."
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