Siebert Financial CIO Mark Malek breaks down the benefits of ‘Trump Accounts’ on ‘The Claman Countdown.’
In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan unveiled a “public-private partnership” aimed at giving millions of young Americans a direct financial stake in the nation’s economy.
The CEO of Dell Technologies took to X on Saturday to announce that he will give $250 each to the 25 million eligible American children who sign up for “Trump accounts.”
“This makes every child a shareholder in the greatest engine of prosperity the world has ever seen – 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 building lasting wealth.”
The Trump Accounts app will have eight special financial literacy modules. (US Treasury / Fox News)
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The announcement coincides with the official Fourth of July launch of Trump Accounts, a new tax law offering designed to give young Americans a financial head start.
Under the program, which was announced one year ago, every US citizen born between Jan. 1, 2025, and Dec. 31, 2028, we are eligible to receive a government-sponsored $1,000 initial investment upon enrollment.
Parents can enroll their children in the program when they file their taxes, acting as sole custodians of the account until the child turns 18.
FILE – President Donald Trump speaks during the Trump Accountability Conference in Washington, DC, in January. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)
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Although no personal contributions are required, parents have the option of contributing up to $5,000 per year, which is then invested directly in American companies on the stock market.
| A ticker | Security | Finally | Change | Change % |
|---|---|---|---|---|
| DELL | Company DELL TECHNOLOGIES INC. | 394.32 | -30.93 |
-7.27% |
President Donald Trump has indicated that this program will put 3 to 4 billion in wealth in the hands of young Americans over the next 15 years.
“Decades from now, I believe Trump’s accounts will be remembered as one of the most transformative policy innovations of all time,” Trump said when the program was announced.
FILE – Sen. Ted Cruz, R-Texas, speaks during an announcement with Dell Technologies CEO Michael Dell and his wife, Susan, and President Donald Trump about the “Trump Accounts” at the White House in 2025. (Andrew Caballero-Reynolds/AFP/Getty Images/Getty Images)
Dell, who previously pledged more than $6 billion to the program, said the program “unites us all in hope and optimism for the future of every child.”
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The joint presentation of the government program and the private contribution of Dells has been widely praised, and Sen. Ted Cruz, R-Texas, hailed Saturday’s effort as “an incredible birthday gift to celebrate the greatest nation in the history of the world.”
