accounts

Trump Accounts could grow into retirement savings: Bessent says child accounts may complement Social Security

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Scott Bessent says Trump Accounts could boost retirement savings alongside Social Security. (AP Photo)

US Treasury Secretary Scott Bessent said the child savings accounts known as Trump Accounts could work alongside Social Security and help improve retirement security for younger Americans. Scott Bessent says Trump Accounts could boost retirement savings alongside Social Security. (AP Photo) Bessent said the accounts could give children a separate pool of money that may … Read more

Who is funding Trump Accounts? American Airlines, Dell and 50+ companies on list

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More than 50 companies have committed to putting money into Trump Accounts for the children of their workers. The companies are joining the US government’s new child investment program through contributions, matching funds or other support. American Airlines, Dell and other companies are supporting Trump Accounts for children. (File Photo/Bloomberg) American Airlines is the latest … Read more

Will Trump Accounts holders get $250 Dell grant starting Monday? Here’s who actually qualifies

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Eligible children are now receiving Dell’s $250 gift, with payments starting in Texas before expanding to families across the country. Check who qualifies.. (AP Photo/Jacquelyn Martin) (AP Photo/Jacquelyn Martin)

Eligible children with Trump Accounts are now receiving a $250 contribution from Michael Dell and his wife, Susan Dell, as the couple begins rolling out a $6.25 billion gift. The first payments started moving into activated accounts on Monday, Aug. 31, with children in Texas among the first to receive the money. The gift is … Read more

‘I stopped all my internet accounts’: 70-year-old Australian man falls in love with six-fingered deepfake, transfers $180,000

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'I stopped all my internet accounts': 70-year-old Australian man falls in love with six-fingered deepfake, transfers $180,000

Australian man Michael thought he found his soulmate in Melanie and transferred money. But it was a deepfake. A retired psychologist in his 70s has been scammed out of $180,000 while he believed he had found his soulmate online. Queensland’s Michael continued his long-distance courtship with Melanie, a nurse in South Africa, until she turned … Read more