Dell promises $6.25 billion for accounts for kids

American billionaires Michael and Susan Dell pledged yesterday to give $6.25 billion to help 25 million American children open newly created investment accounts under President Trump’s Invest America initiative. This gift will fund $250 deposits for children ages 10 and under who were born before Jan. 1, 2025. Children born after that date already qualify to receive the federal government’s $1,000 newborn contribution to their tax-advantaged Invest America accounts, commonly known as “Trump Accounts.” As things stand, Social Security is the only major retirement fund in America that gives a negative rate of return. Putting $250 in diversified index funds designed to grow over time shows that there is a much better way to manage money. It is an impressive charitable contribution from a billionaire.