When billionaire Michael Dell was 8 years old, he opened his first savings account.

Every time that young Michael forked a quarter over to the bank teller, he felt a rush from the “power of compound interest,” as he said from the White House on Tuesday, hours after he and his wife Susan gifted an unprecedented $6.25 billion to help some 25 million kids amass savings of their own.

Inside this story • What is a Trump account? • So, what’s with the $6 billion? • Is this actually a new way to give? • Will this help the kids who need it most? • Will other billionaires follow their lead?

They will be held in so-called “Trump accounts,” which are essentially miniature trust funds with a couple of strings attached. Established under President Donald Trump’s sprawling tax bill that pas

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