Summary
America is grappling with an aging population issue while Social Security faces potential shortages. To help address this, President Trump supports "Trump Accounts" for children, a program where newborns get a financial investment from the government. Billionaires, including Michael and Susan Dell and Ray and Barbara Dalio, are contributing billions to extend such financial benefits to more children.
Key Facts
- The U.S. fertility rate is at a historic low of about 1.6 births per woman, below the level needed to sustain population.
- President Trump backs "Trump Accounts", which give $1,000 to babies born in certain years in a tax-deferred investment account.
- Michael and Susan Dell pledged $6.25 billion to help children not covered by this government initiative.
- The Dells provide $250 to 25 million children aged 10 and under in selected low-income areas.
- Ray and Barbara Dalio are donating $75 million to aid children in Connecticut with $250 contributions.
- A "50 State Challenge" is underway to encourage more philanthropists to join this effort.
- About 14 Americans have the financial capability to easily match the Dells' $6.25 billion contribution.
- These efforts aim to build children's future financial security and teach investment skills.
