Connecticut Kids Get a Financial Boost

Big names in finance are stepping up to support a new program for kids. Ray Dalio, a well-known investor, has promised to put money into investment accounts for children in Connecticut. This is part of a larger plan to get more people involved across the U. S. The idea is to give every child born between 2025 and 2028 a head start. The government will put $1, 000 into each child's account. But that's not all. Michael Dell and his wife have also pledged $6. 25 billion to boost these accounts for millions of kids.Dalio's contribution will match the Dells' donation for about 300, 000 children in Connecticut. He hopes others will follow his lead and support similar projects in their own states. The accounts, called Invest America, are set to launch on July 4, 2026. However, the details on how they will work are still unclear. One thing is certain: the money will be invested in the stock market and will be available when the children turn 18. They can use it for education, job training, buying a home, or starting a business. The program aims to help lower-income families build savings. But how effective it will be remains to be seen. The Treasury is expected to share more details soon.