Millions will be pre-funded courtesy of the U.S. Treasury and private individuals like Michael and Susan Dell who have donated $6.25 billion to fund the Trump accounts to 25 million American children. The newly enacted program, passed as part of a multitrillion-dollar tax and spending package in July, establishes investment vehicles designed to connect young Americans to the financial markets.
Whether you're a fan of his policies or not, the reality is that each announcement this administration makes will impact somebody. In the case of the current president's push for "Trump Accounts for Kids," a program aimed at providing newborns who were born between January 1, 2025 and December 31, 2028 with $1,000 to be invested and grow over the course of their childhood, that's a big potential deal for plenty of young families deciding whether or not to have kids in this macro climate.
Take it from me: Spending an hour with Melinda French Gates will restore at least an iota of your faith in humanity. The billionaire philanthropist, investor, and longtime advocate for women's and girls' rights is the rare example of an über-wealthy American who takes seriously the responsibility that their wealth confers. In Gates' case, she's now channeling much of that responsibility-and billions of her own dollars-into Pivotal Ventures, a collective of organizations focused on advancing women's interests in the US and around the world.