Siebert Financial CIO Mark Malek talks about the benefits of “Trump accounts” on “Claman Countdown.”
In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan unveiled a “public-private partnership” that aims to give millions of young Americans a direct financial stake in the nation’s economy.
On Saturday, the CEO of Dell Technologies went on X to announce that they would give $250 each to the first 25 million eligible 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 the X-post. “Through this public-private partnership, we are giving the next generation a real stake in our economy and a path to the American Dream: an education, a first home, starting a business and creating lasting wealth.”
The Trump Accounts app will include eight exclusive financial literacy modules. (U.S. Treasury/Fox News)
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The announcement coincides with the official Fourth of July launch of Trump Accounts, a provision of the new tax law designed to give young Americans a financial advantage.
Under the program, announced a year ago, every U.S. citizen born between January 1, 2025 and December 31, 2028 is eligible to receive a base investment of $1,000 upon enrollment.
Parents can enroll their children in the program when they file their taxes, serving as sole custodian of the account until the child turns 18.
FILE – President Donald Trump speaks at the Trump Account Launch Summit in Washington, D.C., in January. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)
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While no personal contributions are required, parents have the option of contributing up to $5,000 per year, which is then invested directly in US companies on the stock market.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| Dell | DELL TECHNOLOGIES INC. | 394.32 | -30.93 | -7.27% |
President Donald Trump projected the program would transfer $3 trillion to $4 trillion in wealth into the hands of young Americans over the next 15 years.
“Decades from now, I believe Trump’s bills will be remembered as one of the most transformative policy innovations of all time,” Trump said during the program announcement.
FILE – Sen. Ted Cruz, R-Texas, speaks during an announcement with Dell Technologies CEO Michael Dell, his wife Susan and President Donald Trump about the “Trump Bills” at the 2025 White House. (Andrew Caballero-Reynolds/AFP/Getty Images/Getty Images)
Dell, who previously pledged more than $6 billion to the program, said the initiative “unites us all in hope and optimism for every child’s future.”
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The joint launch of the government initiative and the Dells’ private contributions drew widespread praise, with Sen. Ted Cruz, R-Texas, calling the effort Saturday “an extraordinary birthday gift to the greatest nation in the history of the world.”