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Has the Dell 6.2 bil donation been discussed?
Posted on 12/2/25 at 8:04 am
Posted on 12/2/25 at 8:04 am
AP News
There is more in the link.
I will say that I am seeing a significant change in young people. There was a time when grabbing any and all student loans was what the "cool kids" did. Many used borrowed money for lavish spring break vacations. There has been a seismic shift in the view of student loan debt over the last few years. Young people now recognize that there is no such thing as "free money".
In an ideal world these investment funds will be used for training, education or perhaps housing investments, but how many will spend it on hookers and blow 10-15 years from now?
quote:
NEW YORK (AP) — Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children under 10 an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation.
The historic gift has little precedent, with few single charitable commitments in the past 25 years exceeding $1 billion, much less multiple billions. Announced on GivingTuesday, the Dells believe it’s the largest single private commitment made to U.S. children.
It is also unusual in that it will operate through investment accounts set up by the U.S. Department of the Treasury that will be managed by private companies. Dubbed “ Trump Accounts, ” the program has not yet launched but was passed into law on July 4 as part of the president’s signature legislation.
“We believe that if every child can see a future worth saving for, this program will build something far greater than an account. It will build hope and opportunity and prosperity for generations to come,” said Michael Dell, the founder and CEO of Dell Technologies whose estimated net worth is $148 billion, according to Forbes.
There is more in the link.
I will say that I am seeing a significant change in young people. There was a time when grabbing any and all student loans was what the "cool kids" did. Many used borrowed money for lavish spring break vacations. There has been a seismic shift in the view of student loan debt over the last few years. Young people now recognize that there is no such thing as "free money".
In an ideal world these investment funds will be used for training, education or perhaps housing investments, but how many will spend it on hookers and blow 10-15 years from now?
4
Posted on 12/2/25 at 9:24 am to Wildcat1996
Yikes. She could take Michelle Obama with one hand tied behind her back.
Posted on 12/2/25 at 9:33 am to Wildcat1996
quote:
I will say that I am seeing a significant change in young people. There was a time when grabbing any and all student loans was what the "cool kids" did. Many used borrowed money for lavish spring break vacations. There has been a seismic shift in the view of student loan debt over the last few years. Young people now recognize that there is no such thing as "free money".
My son graduates college at the end of the month. He worked full time while going to school part time. He got his general ed courses out of the way at a community college before moving on to university. He did it part time so he could "pay as you go." It maybe took him an extra year or year and a half to get his bachelors than it would have had he gone full time, but he is graduating with $0 in student debt. He knows the value of a dollar and knows the value of hard work. I am very proud of him.
This post was edited on 12/2/25 at 2:19 pm
Posted on 12/2/25 at 9:44 am to TheFonz
We had a goal that our kids would graduate debt free and we met that. It meant some sacrifices and they both had jobs in college, but we got it done.
Consider that a lot of kids have 6 figures in debt upon graduation. My wife and I bought our first little starter home in 1996 for $78K. My daughter and her husband just bought theirs in the Charleston SC area for $350K. If they had a combined $200K in student load debt, I'm not sure how they could do it. They live on a budget as it is.
I understand why young people are frustrated, but I also think many were lured into significant debt by the availability of easy credit and the naivete of youth.
Consider that a lot of kids have 6 figures in debt upon graduation. My wife and I bought our first little starter home in 1996 for $78K. My daughter and her husband just bought theirs in the Charleston SC area for $350K. If they had a combined $200K in student load debt, I'm not sure how they could do it. They live on a budget as it is.
I understand why young people are frustrated, but I also think many were lured into significant debt by the availability of easy credit and the naivete of youth.
Posted on 12/2/25 at 11:03 am to Wildcat1996
Yet the detractors decided that attacking the wife’s looks was more interesting
Posted on 12/2/25 at 11:08 am to A12 Oxcart
is she a robot? weird face
Posted on 12/2/25 at 12:51 pm to Wildcat1996
Posted on 12/2/25 at 3:26 pm to Wildcat1996
Our daughter went all the way through to PhD without debt. Actually without any significant expense. Her husband, also a PhD managed to get through with about 50k in debt. Manageable.
Takes planning, determination, work.
Takes planning, determination, work.
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