Michael Dell has appeared in support of recent changes to the American program “Trump Accounts”, since new regulations allow shares of individual companies to be donated in these accounts.
The programme is designed as a way to give children in the United States a financial start for the future. Accounts can be used for long - term investments, and according to software regulations, funds can later be used for specific purposes such as education, business creation, or retirement savings.
The recent change has triggered debate, as investment had to be made mainly through low-cost index funds. Now, charities can also contribute to individual shares of companies. Critics worry that this could bring more danger or conflict of interest, while supporters see it as a way to increase private contributions to child accounts.
Michael and his wife, Susan Dell, have promised $6.25 billion For the program. The couple's goal is to contribute from 250 dollars for 25 million children. Michael Dell said on October 7th that 10 million accounts were financed and that the 25 million target was expected to be reached by the end of the week.
In an appearance at the White House, Susan Dell also called on parents and grandparents to check and search their children's accounts. She said families who have made contributions have told her and Michael Dell that early investment gives children more confidence in the future.
The programme has become one of the most controversial financial topics in the US this week, while American administration and private donors are promoting the idea of long-term investment for children.
