President Donald Trump has unveiled a new savings initiative for American families, promising to create 'Trump Accounts' for children under 18. The plan, announced from the Oval Office, is designed to give the next generation 'a jumpstart on savings'. It has already attracted significant backing from the Dell family, with Michael and Susan Dell pledging $6.25 billion to expand the programme.
The Dell contribution will fund 25 million additional accounts, each seeded with $250, for children who missed the federal government's $1,000 newborn deposit available to babies born after 1 January 2025. Michael Dell is expected to join Trump at the White House to highlight the pledge, which the family described as 'an incredibly practical and direct step to help families begin saving today'.
