Posted on 12/02/2025 4:40:48 AM PST by Oldeconomybuyer
Michael and Susan Dell announced Tuesday that they have committed $6.25 billion to fund investment accounts for some 25 million American children.
The couple’s donation will be the largest ever devoted to American children, according to Invest America, a nonprofit advocacy group partnered with the Dells.
“It’s designed to help families feel supported from the start and encourage them to keep saving as their children grow,” Michael Dell, founder and CEO of Dell Technologies , told CNBC in an interview. “We know that when children have accounts like this, they’re much more likely to graduate from high school, from college, buy a home, start a business and less likely to be incarcerated.”
The Dells’ commitment goes hand in hand with a new federal government program that allows parents to open tax-advantaged investment accounts for children under 18 with Social Security numbers. Under the federal program, U.S. citizens born from the beginning of 2025 through 2028 will receive a federal grant of $1,000 to seed those so-called “Trump Accounts.” Parents will be able to open and contribute to these accounts starting on July 4, 2026, with IRS guidance yet to be issued.
The Dells have committed to seed Trump Accounts with $250 for children who are 10 or under who were born before Jan. 1, 2025. According to Invest America, the pledged funds will cover 25 million children age 10 and under in ZIP codes with a median income of $150,000 or less.
“We want to help the children that weren’t part of the government program,” Dell said.
(Excerpt) Read more at cnbc.com ...
Which 25 million?
hmmm. it just seems that I’m never eligible to take part in any govt program. Who knows.
The brown ones. NO whites need apply.
I will set up a Trump account for my grandson once it’s up and running. I already gave my daughter money for the 529 account. My mother in law gave us $10K for each kid at birth and by the time each kid was 18, since we invested their 10K in the market, each kid had more than enough to go to a state school with no debt. One is now an aerospace engineer, and one has a communications degree. No student loans. Do it people. You can put 19K in your grandkid’s account this year and let it grow or do it slow. Just do it.
Had no idea this was a govt program. I want to give my own kids $1000 with my tax dollars. Not some random freaking kids.
Same here.
Lots of noncitizens with SS cards, including minors.
There should be major guardrails in place and strictly followed guidelines for how that money is distributed. Otherwise, you’re going to have all kinds of misappropriations and money-grubbing by scheming greedy leaders.
Those leaders. Who you talking about? IRA’s are pretty well run.
**Which 25 million?**
Fair question You gotta start somewhere. Seed money-re rest is on the family/friends.
**One is now an aerospace engineer,**
Proud of ya.
That is extremely generous. My fear: that’s a staggering amount of money for one basket.
HOORAY Michael & Susan Dell
I know, my Roth (Vanguard) is looking pretty damned good. What was I thinking? Cut out the middle men wherever they are and keep it streamlined.
Wouldn’t having the young ones earn the money in some way and then save it as part of the deal be a better lesson?
“hmmm. it just seems that I’m never eligible to take part in any govt program. Who knows.”
Eh, you’re just not trying. Probably because you don’t have to or are too proud to.
Before celebrating you might want to learn more about Mr. Dell.
https://en.wikipedia.org/wiki/Michael_Dell
Dell serves on the Foundation Board of the World Economic Forum
In case you don’t know who they are:
https://en.wikipedia.org/wiki/World_Economic_Forum
Short version: Dell wants you to eat bugs and freeze in the dark.
“Which 25 million?”
Does it matter?
Even the Pubbies have gone away from that.
Sadly.
(Dell serves on the Foundation Board
of the World Economic Forum)
Oh ... great...
Thanks for the information.
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