Dells Launch $6.25 Billion Initiative: Boosting Child Wealth Through Tax-Advantaged Accounts
In a significant move to bolster child wealth across America, Michael Dell and Susan Dell have committed an unprecedented sum of $6.25 billion towards establishing new tax-advantaged accounts for American children.
The initiative, spearheaded by the couple through their involvement with Invest America, aims to provide financial advantages to families meeting specific criteria. The Dells’ contribution is expected to benefit approximately 25 million young children born before January 1, 2025, in low-income areas as defined by ZIP codes where median household incomes are $150,000 or less.
This major private-sector investment complements a federal program established during the Trump administration. The initiative provides every child under ten years of age with an initial sum of $250 towards these accounts.
The news quickly gained attention as President Donald Trump shared his support via Truth Social: “TWO GREAT PEOPLE. I LOVE DELL!!!” he posted alongside the announcement, calling them “DJT.” The comment highlights public interest in this substantial financial initiative and its potential impact on families nationwide.
