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Siebert Financial CIO Mark Malek breaks down the benefits of \u2018Trump Accounts\u2019 on \u2018The Claman Countdown.\u2019<\/p>\n
In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan unveiled a “public-private partnership” aimed at giving millions of young Americans a direct financial stake in the nation’s economy.<\/p>\n
The Dell Technologies CEO took to X on Saturday to announce they are giving $250 each to the first 25 million qualifying American children who sign up for “Trump Accounts.”<\/p>\n
“This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known \u2014 American capitalism,” Dell wrote in an X post. “Through this public-private partnership, we\u2019re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.”\u00a0<\/p>\n
The Trump Accounts app will feature eight exclusive financial literacy modules. (U.S. Department of the Treasury \/ Fox News)<\/p>\n
WHITE HOUSE UNVEILS TRUMP ACCOUNTS MOBILE APP AHEAD OF JULY 4 ROLLOUT<\/p>\n
The announcement coincides with the official Fourth of July launch of Trump Accounts, a provision of new tax legislation designed to give young Americans a financial head start.<\/p>\n
Under the program, which was announced one year ago, every U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028, is eligible to receive a $1,000 government-provided baseline investment upon enrollment.\u00a0<\/p>\n
Parents can register their children for the program when filing their taxes, acting as sole custodians of the account until the child turns 18.<\/p>\n
FILE – President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, D.C., in January. (Valerie Plesch\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n
HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: \u2018A FINANCIAL STAKE IN THE FUTURE\u2019<\/p>\n
While no personal contributions are required, parents have the option to deposit up to $5,000 per year, which is then invested directly in American companies in the stock market.<\/p>\n
Ticker Security Last Change Change % DELL DELL TECHNOLOGIES INC. 394.32 -30.93
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President Donald Trump projected the program will put $3 to $4 trillion of wealth into the hands of young Americans over the next 15 years.\u00a0<\/p>\n
“Decades from now, I believe that Trump Accounts will be remembered as one of the most transformative policy innovations of all time,” Trump said during the program\u2019s announcement.<\/p>\n
FILE – Sen. Ted Cruz, R-Texas, speaks during an announcement with Dell Technologies CEO Michael Dell and his wife, Susan, and President Donald Trump about “Trump Accounts” at the White House in 2025. (Andrew Caballero-Reynolds\/ AFP\/Getty Images \/ Getty Images)<\/p>\n
Dell, who had previously pledged more than $6 billion to the program, said the initiative “unites us all in hope and optimism for every child\u2019s future.”<\/p>\n
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The combined launch of the government initiative and the Dells’ private contribution has drawn widespread praise, with Sen. Ted Cruz, R-Texas, lauding the effort on Saturday as “an extraordinary birthday gift to celebrate the greatest nation in the history of the world.”<\/p>\n
#Dell #announces #investment #millions #children #Trump #Accounts<\/p>\n","protected":false},"excerpt":{"rendered":"
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