Ray Dalio Pledges $75 Million for 300,000 Kids' Trump Accounts

Billionaire investor Ray Dalio and his wife, Barbara, announced a $75 million pledge on Wednesday to fund Trump Accounts for 300,000 children in Connecticut zip codes where the median household income is below $150,000. The contribution, equivalent to $250 per child, supports a new federal initiative aimed at providing financial foundations for young Americans.

The Trump Accounts program, established under the One Big Beautiful Bill Act passed earlier this year, offers a $1,000 seed deposit from the U.S. Department of the Treasury for every U.S. citizen child born between January 1, 2025, and December 31, 2028. Funds must be invested in an index fund tracking the broader stock market and remain inaccessible until the child turns 18, when they can be used for education, home purchases, or starting a business. The program is open to families of all income levels, with the Treasury planning to create accounts for all eligible children who have a Social Security number. Parents or guardians must claim the accounts, and private companies will eventually administer them. Annual contributions of up to $5,000 are allowed from family, employers, or others, with the program set to open...