Blitz Bureau
NEW DELHI: Entrepreneur Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration’s Invest America initiative.
The initiative, known as “Trump accounts”, was created this year under President Donald Trump’s One Big Beautiful Bill Act and has sparked a scramble by financial firms looking to participate.
The US Treasury will deposit $1,000 into investment accounts for all children born between 2025 and 2028, a Reuters report said.
The accounts will open and begin accepting contributions starting on July 4, 2026. The accounts will initially be held by a financial firm designated by the Treasury Department, but later will be able to be transferred to any brokerage firm. Trump said at the White House that the gift would give middle-class children a stake in American economic and stock market growth. “It really gives them a shot at the American dream,” he said. He added that he would make a personal contribution towards the effort.
The Dells said the funds are mainly aimed at children up to age 10, but kids who are older may benefit if the funds remain available after initial sign-ups.
