Michael and Susan Dell Pledge $250 for 25 Million Children in Trump Accounts
Updated
Updated · Fox Business · Jul 4
Michael and Susan Dell Pledge $250 for 25 Million Children in Trump Accounts
3 articles · Updated · Fox Business · Jul 4
Summary
Michael and Susan Dell said they will give $250 each to the first 25 million qualifying U.S. children who enroll in Trump Accounts, launching the pledge on Independence Day.
The private gift stacks on top of a $1,000 government-funded baseline investment for every eligible U.S. citizen born from Jan. 1, 2025, through Dec. 31, 2028.
Parents can open the accounts when filing taxes and control them until age 18, with optional contributions of up to $5,000 a year invested in American companies.
Michael Dell said the partnership gives children a direct stake in American capitalism; the app will also include eight financial-literacy modules.
Trump has said the program could place $3 trillion to $4 trillion in wealth with young Americans over 15 years, extending a plan first announced a year ago.
Could these new 'Trump Accounts' inadvertently create a wider wealth gap for the next generation?
With billionaires funding a government program, what does this new model mean for America's youth?
Trump Accounts Roll Out: $375 Million in Initial Contributions for Nearly a Million NYC Children
Overview
Launched on July 4, 2026, the Trump Account initiative introduces a long-term savings vehicle for American children under 18 with a valid Social Security number. Parents or guardians set up and manage these accounts, which are locked until the child turns 18. At that point, the funds become available to support important milestones like education, homeownership, or starting a business. By providing a foundational financial asset as children transition into adulthood, the program aims to foster greater financial opportunity and empowerment for the next generation.