10/07/2026
Research from the Brown School's Center for Social Development helped lay the groundwork for a major change to the federal government’s new Trump Accounts program: automatic account creation for eligible children, announced Sept. 29.
Treasury and the IRS will automatically create accounts for eligible children who don’t already have one. Families must still claim the account to access the federal seed money.
The policy change builds on nearly two decades of CSD research and policy engagement on automatically opening savings accounts for children.
"CSD has been the leading source of evidence supporting automatic enrollment in Trump Accounts,” said Michael Sherraden, the George Warren Brown Distinguished University Professor at the Brown School and founding director of the CSD. “Jin Huang, the Irving Louis Horowitz Professor in Social Policy at the Brown School and co-director of the CSD, led most of the policy briefs, and this evidence has played the dominant role in this policy decision by Treasury.”
Sherraden first proposed universal, progressive savings accounts beginning at birth in his landmark 1991 book, “Assets and the Poor: A New American Welfare Policy."