US EditionMichael and Susan Dell donate $6.25 billion to fund ‘Trump accounts’ for 25 million U.S. kids
- At the Oval Office, Michael Dell, founder and CEO of Dell Technologies, and Susan Dell pledged $6.25 billion on Dec. 2 to add $250 to about 25 million 'Trump accounts' atop federal $1,000 grants.
- The One Big Beautiful Bill established 'Trump accounts' based on an Invest America idea by Sen. Ted Cruz and Brad Gerstner, with parents able to open accounts starting July 4, 2026.
- Account rules state only a Social Security number is needed, with no income restrictions, and contributions are capped at $5K annually, including up to $2,500 from employers, invested in low‑cost diversified index funds, rolled into an IRA at age 18.
- The White House framed the gift as a federal investment in the next generation, calling the accounts 'revolutionary' and urging others to follow the Dells' lead.
- Critics warn the Trump accounts could be a 'backdoor' to privatizing Social Security, while Dell said, `'We want to help the children that weren't part of the government program,'` describing donor intent.
129 Articles
129 Articles
For the capitalists of tomorrow: The US government wants to set up investment accounts for newborns next year. Michael and Susan Dell now pledge a further $6.25 billion for the action.
This Billionaire Couple Is Giving $250 to 25 Million Kids—Here’s How to Claim It
Michael and Susan Dell’s pledge is an investment in some financial peace of mind for American parents.GettyImages/Virojt ChangyenchamKey PointsMichael and Susan Dell pledged $6.25 billion to help fund Invest America accounts for children.An Invest America account is a tax-deferred savings tool that can alleviate financial stress for families.Accounts will be available at age 18 for important milestones, such as buying a home.In a gesture fitting…
Michael and Susan Dell to put $250 into 'Trump accounts' of 25 million kids
Michael and Susan Dell of Dell Technologies announced Tuesday that they’re depositing $250 into the investment accounts of 25 million American children. It’s part of a federal government initiative that allows parents to start tax-advantaged investment accounts for kids under 18. In total, the Dells are donating $6.25 billion in partnership with the nonprofit Invest America. It marks one of the biggest charitable donations ever given directly to…
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