Michael and Susan Dell pledge $6.25 billion for 'Trump accounts' benefiting 25 million U.S. children
TL;DR Summary
The 'Trump account' is a new government-backed savings account for children born between 2025 and 2029, which starts with a $1,000 deposit and could grow to $1.9 million over 28 years with additional investments. Billionaires like Michael Dell are contributing extra funds for children born before 2025, and the accounts can be invested in low-fee mutual funds or ETFs tracking U.S. equities.
Topics:top-news#child-savings#finance#financial-growth#government-investment#investment-options#trump-account
- 'Trump Account' newborns could have $1.9M by 28, Treasury Dept. says. Here's what's required to get that much Yahoo Finance
- What you need to know about ‘Trump Accounts’ and Michael and Susan Dell’s $6.25 billion donation CNN
- How do 'Trump accounts' for kids work? See benefits, eligibility USA Today
- Michael and Susan Dell to donate $6.25 billion to fund 'Trump accounts' for 25 million U.S. kids CNBC
- Michael and Susan Dell Pledge $6 Billion in Investment ‘Trump Accounts’ for Children The New York Times
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