What you need to know about ‘Trump Accounts’ and Michael and Susan Dell’s $6.25 billion donation
CNN • • general
Key Points:
- President Donald Trump has launched the "Trump Account" program, providing $1,000 federal deposits into savings accounts for children born between 2025 and 2028, with additional contributions allowed from families, employers, and nonprofits.
- Michael and Susan Dell contributed a multibillion-dollar donation to extend eligibility to children up to age 10 born before 2025, particularly targeting families in ZIP codes with median incomes under $150,000, potentially benefiting at least 25 million children.
- Accounts must be invested in low-cost, diversified U.S. stock index funds, with withdrawals restricted until the child turns 18 and intended for higher education, home buying, or starting a small business.
- Supporters praise the program's universality and
