Michael and Susan Dell pledge over $6B to new ‘Trump Accounts’

Siebert Financial CIO Mark Malek breaks down the benefits of ‘Trump Accounts’ on ‘The Claman Countdown.’

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.

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."

"This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism," Dell wrote in an X post. "Through this public-private partnership, we’re 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."
Trump Accounts app

The Trump Accounts app will feature eight exclusive financial literacy modules. (U.S. Department of the Treasury / Fox News)

WHITE HOUSE UNVEILS TRUMP ACCOUNTS MOBILE APP AHEAD OF JULY 4 ROLLOUT

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.

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.

Parents can register their children for the program when filing their taxes, acting as sole custodians of the account until the child turns 18.
donald-trump

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)

HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’

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.

more info. + charts @

https://www.foxbusiness.com/economy/michael-dell-celebrates-americas-250th-birthday-gift-seed-american-dream-millions-kids