‘Trump Accounts’ for kids get funding boost from Dalio and BlackRock
Fortune·2025-12-18 07:25

A new savings vehicle, dubbed “Trump accounts,” is designed to help the rising generation of American children build wealth into adulthood. Under the multitrillion-dollar tax and spending bill signed by President Donald Trump in July, the federal government will contribute 1,000toaccountssetupforeveryAmericanbabyborninthenextfewyears. Theinitiative gotaboost onDec.2whenbillionairesMichaelandSusanDellannounceda1,000 to accounts set up for every American baby born in the next few years. The initiative got a boost on Dec. 2 when billionaires Michael and Susan Dell announced a 6.25 billion gift to seed accounts for millions of older children as ...