On Wednesday, the White House announced additional details about Trump accounts, a new type of savings account for kids.

Ray Dalio joins Michael Dell in backing "Trump accounts" for kids. The Dalio grant will fund $250 per child for approximately 300,000 children in Connecticut.

On Wednesday, the White House announced additional details about Trump accounts, a new type of savings account for kids.

New Trump accounts aim to give children a jump start at building wealth. Some experts hope the government may boost retirement savings.