Billionaires Michael and Susan Dell pledged $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children. The accounts were created as part of President Donald Trump’s tax and spending legislation but have not yet launched.
WASHINGTON — When the children of wealthy households leave the nest, they often benefit from their parents' largesse in the form of a trust fund. Less affluent peers may receive nothing at all — or even be expected to support their families when they become adults.
President Donald Trump speaks during an event on "Trump Accounts" for kids in the Roosevelt Room of the White House, Dec. 2, in Washington. From left, Speaker of the House Mike Johnson, of La., Trump, Michael Dell, and his wife Susan.
Michael Dell, and his wife Susan, laugh as President Donald Trump speaks during an event on "Trump Accounts" for kids in the Roosevelt Room of the White House, Dec. 2, in Washington.
Evan Vucci, Associated Press
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Michael Dell, and his wife Susan, laugh as President Donald Trump speaks during an event on "Trump Accounts" for kids in the Roosevelt Room of the White House, Dec. 2, in Washington.
President Donald Trump speaks during an event on "Trump Accounts" for kids in the Roosevelt Room of the White House, Dec. 2, in Washington. From left, Speaker of the House Mike Johnson, of La., Trump, Michael Dell, and his wife Susan.
