How do ‘Trump accounts’ work – and who will benefit?
Donation of $6.25bn for children’s investment accounts prompts wave of questions – but details remain scarceA tech billionaire and his wife said on Tuesday they would pour $6.25bn into individual investment accounts for 25 million children under 10, prompting a wave of new questions about how...
<p>Donation of $6.25bn for children’s investment accounts prompts wave of questions – but details remain scarce</p><p>A tech billionaire and his wife said on Tuesday they would pour $6.25bn into individual investment accounts for 25 million children under 10, prompting a wave of new questions about how these so-called “Trump accounts” will work.</p><p>The creation of these accounts was included as part of Donald Trump’s massive tax and spending bill, which he signed into law in July. Every child born between 1 January 2025 and 31 December 2028, can receive a Trump account that includes a $1,000 initial deposit from the administration. The money will then be invested.</p> <a href="https://www.theguardian.com/us-news/2025/dec/02/michael-dell-trump-accounts-for-kids-investment">Continue reading...</a>
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