Story perspectives

Trump Launches Kids’ Savings Accounts, Dell Pledges $6.25 B

7/12/2026

Summary

Story summary

President Donald Trump launched “Trump Accounts” on July 4, 2026 in the White House.
The IRA-type accounts accept U.S. citizens under 18 and give babies born 2025-2028 a $1,000 seed deposit.
Contributions may reach $5,000 per child annually, with employer limits of $2,500.
By July 10, 6.5 million children were enrolled, with families contributing $125 million.
Tech CEO Michael Dell pledged $6.25 billion to add $250 for children in ZIP codes with median income <= $150,000.

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Story summary

President Donald Trump launched “Trump Accounts” on July 4, 2026 in the White House.
The IRA-type accounts accept U.S. citizens under 18 and give babies born 2025-2028 a $1,000 seed deposit.
Contributions may reach $5,000 per child annually, with employer limits of $2,500.
By July 10, 6.5 million children were enrolled, with families contributing $125 million.
Tech CEO Michael Dell pledged $6.25 billion to add $250 for children in ZIP codes with median income <= $150,000.