Michael Dell on Saturday renewed support for the Trump Accounts program as it officially launched nationwide, reiterating the $6.25 billion pledge he and his wife, Susan Dell, made last year to provide $250 to 25 million qualifying American children.
The founder and CEO of Dell Technologies Inc (NYSE:DELL) in a post on X described the pledge as a way to give the next generation a ‘real stake’ in the U.S. economy.
Dell Makes Personal Pledge
“This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism,” Dell wrote.
He added that the initiative would help children build long-term wealth while supporting goals such as higher education, homeownership and starting a business.
In an interview with Fortune in December, Dell said his own childhood savings account sparked an early interest in saving, investing and compound interest, adding that he hoped Trump Accounts would help more children develop financial literacy.
Program Officially Rolls Out
Trump Accounts were created under President Donald Trump‘s One Big Beautiful Bill Act and officially launched nationwide on July 4.
Eligible children born between 2025 and 2028 receive a $1,000 contribution from the U.S. Treasury, while families, employers and other contributors can collectively contribute up to $5,000 annually.
The accounts invest primarily in low-cost U.S. stock index funds and exchange-traded funds, with beneficiaries generally unable to access the funds until they turn 18.
Corporate Support Continues to Grow
Micron Technology Inc (NASDAQ:MU) also committed $250 million to the initiative last week, while SoFi Technologies Inc (NASDAQ:SOFI) and JPMorgan Chase & Co (NYSE:JPM) have announced similar employee matching programs.
On Thursday, Trump said he believes Elon Musk will eventually donate shares of Space Exploration Technologies Corp (NASDAQ:SPCX) to the Trump Accounts program, though no such commitment has been announced by the company.
Price Action: Shares of Dell closed 7.27% lower on Thursday and rose 0.22% in extended trading.
Benzinga edge rankings indicate DELL has a Momentum score in the 98th percentile and a Growth score in the 61st percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: ryanmiller on Shutterstock.com
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