"Under the Invest America Act, part of this year's "big beautiful bill," every U.S. citizen baby born between Jan. 1, 2025, and Dec. 31, 2028, automatically gets a $1,000 seed deposit from the federal government. The mechanism: The money sits in a tax-deferred investment account (tracking the S&P 500) and cannot be touched until the child turns 18."
"The goal: To give the next generation a financial leg up, plus a living lesson in compound interest and investment. The Dell twist: Government funding covers only newborns. The Dells are stepping in to give $250 each to 25 million existing kids (ages 10 and under) in specific income-qualified ZIP codes. The Dells hope others will follow: They point to "the power of collective action ... what becomes possible when families, employers, philanthropists, and communities all join together to create something transformative.""
Under the Invest America Act, every U.S. citizen baby born Jan. 1, 2025–Dec. 31, 2028 receives a $1,000 federal seed deposit into a tax-deferred investment account that tracks the S&P 500 and is locked until age 18. Family and friends may contribute up to $5,000 per year. By age 18 the account balance could fund college, entrepreneurship, or a home down payment. Michael and Susan Dell pledged $6.25 billion to place $250 into accounts for 25 million existing children in income-qualified ZIP codes. Ray and Barbara Dalio pledged about $75 million for roughly 300,000 Connecticut children. The initiative originated from bipartisan ideas and aims to create a scalable, collective start to lifelong investment.
Read at Axios
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