Name: Dell family pledges $6bn to fund savings accounts for 25m U.S. kids
Uploaded: 2025-12-03T01:31:19.385Z
Duration: 1 min 37 s
Description: Michael and Susan Dell have committed more than $6 billion to create savings accounts for 25 million children aged 10 and under in the United States, contributing $250 per child. The initiative, announced Tuesday, will be distributed through newly established Trump-administered accounts.

Michael and Susan Dell have committed more than $6 billion to create savings accounts for 25 million children aged 10 and under in the United States, contributing $250 per child. The initiative, announced Tuesday, will be distributed through newly established Trump-administered accounts.

Washington

Michael and Susan Dell have pledged more than $6 billion to create savings accounts for 25 million American children aged 10 and under. The initiative, known as 'Trump accounts,' was established through recently passed legislation and will provide an initial $1,000 deposit for children born between 2025 and 2028, with additional annual contributions allowed from families, employers, or charities.

Withdrawals from these accounts are restricted until age 18, with exceptions for college expenses or first-time home purchases. The program is designed to offer children a significant financial advantage and is expected to be joined by other philanthropists, according to Michael Dell.

Dell family pledges $6bn to fund savings accounts for 25m U.S. kids

Millions of American kids are about to get a head start on saving for the future from the government and a billionaire couple Here's that O'Keefe We believe the smartest investment that we can make is an investment in children Michael Dell CEO of Dell Technologies and his wife Susan today committed more than six billion dollars to open savings accounts for 25 million American children ages 10 and under I have spoken with a number of other Wealthy Americans philanthropists and We are confident that others will join us the money will be deposited into new so-called Trump accounts Which will include a $1,000 deposit by the administration for any child born between 2025 and 2028 Trump accounts will be the First I guess you could say real trust funds for every American child starting July 4th The accounts will take up to $5,000 in deposits annually from parents their employers or charities No money can be withdrawn before age 18 without penalties after that only college expenses or a first-time home purchase would be exempt from a 10% withdrawal tax Winnie's son is a financial advisor This is a big deal because that's essentially free money from the US government What kind of difference would it mean to give kids this kind of financial head start? This can be significant for a child's head start I mean one of the best things you can do for your child is to start saving soon Democrats and Republicans proposed but never passed these kinds of so-called baby bond programs for years But the Trump accounts were established as part of the big beautiful bill, which did pass earlier this year. Yeah, no Keith in Washington Thank you, Ed

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