Michael and Susan Dell will contribute $6.25 billion to Invest America, seeding 25 million children’s accounts with $250 each, OneDell reported. The deposits target most U.S. children born before January 1, 2025, and age 10 and under, with older children eligible if funds remain.
Separately, the U.S. Treasury will deposit $1,000 into the account of every baby born on or after January 1, 2025. The bipartisan, federally backed program aims to build early savings for education, training, or housing, with Dell Technologies offering matching for employees’ newborns.
The DX Brief
- $6.25 billion to seed 25 million Invest America accounts with $250 each; $1,000 federal deposit for babies born on or after January 1, 2025
- Dell Technologies will match the government’s newborn contribution for U.S. employees
- Invest America is a bipartisan, federally backed program offering tax-advantaged child accounts
- Most children aged 10 and under born before 2025 qualify; older children may benefit if funds remain
Read the full article at OneDell.
