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Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids

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Billionaire Ray Dalio joins push to fund Trump Accounts, pledging  million to Connecticut kids


The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.

“The president is calling on our nation’s business leaders and philanthropic organizations to help us make America great again by securing the financial future of America’s children,” Bessent said in an address.

The billionaire hedge fund founder Ray Dalio, along with his wife Barbara, announced they would commit $250 to 300,000 children under 10 in Connecticut who live in ZIP codes where the median income is less than $150,000. Dalio founded the investment firm Bridgewater Associates and lives in Connecticut.

“I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life,” Ray Dalio said in a statement, adding that he sees the accounts as putting children on a path toward financial independence.

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The Dalios’ $75 million commitment follows the $6.25 billion pledge from billionaires Michael and Susan Dell earlier in December. The Dells promised to invest $250 in the accounts of 25 million children 10 and under who live in ZIP codes across the country that also have that median income.

The new investment accounts were created as part of President Donald Trump’s tax and spending legislation, passed over the summer. Under the new law, the U.S. Department of the Treasury will deposit $1,000 into the investment accounts of children born during Trump’s second term.

The Treasury has not yet launched the new accounts.

“Starting on July 4th, our nation’s 250th anniversary, parents, family members, employers and friends will be able to contribute up to $5,000 to each Trump Account each year,” Bessent said Wednesday.

Brad Gerstner, a venture capitalist, who championed the accounts, said the Treasury will create an account for every child in the U.S. who has a Social Security number but private companies will eventually administer the accounts. Parents or guardians will have to claim the accounts on behalf of their children. For children born before Trump came to office and who don’t qualify for the funds from the Dells and the Dalios, their families can open and fund their own Trump Account if they choose.

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Money in the accounts must be invested in an index fund that tracks the overall stock market. When the children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business.

Bessent said employers, family members and philanthropists can put funds into the accounts and that the administration hopes states will also eventually set up programs to invest in the accounts. Companies including Visa and BlackRock have also pledged to contribute in some way to the accounts of their employees’ children.

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Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

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Kids Count conveys mixed picture of how children fare in CT

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Kids Count conveys mixed picture of how children fare in CT


Connecticut moved up in a national ranking that uses data to rate how well children are doing state-to-state, moving from eighth to seventh place.

The 2026 Kids Count is compiled by the Annie E. Casey Foundation and state partners like Connecticut Voices for Children and uses 16 indicators in four different categories to assess how well kids are doing — economically and scholastically, as members of families and communities, as well as their physical health.

The dataset, which analyzes 2024 data, rated Connecticut highly in education and health, ranking third and fourth respectively. But Connecticut continues to place closer to the middle of the pack in the categories of economic well-being and family and community, at 20th and 18th in the nation.

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Overall, New Hampshire ranked first in the nation while Mississippi came in last.

“Behind every number in this report is a child who is either hungry or fed, housed or homeless, progressing academically or falling behind. No state is consistently getting this right,” said Lisa M. Lawson, president and CEO of the Annie E. Casey Foundation. “The Data Book challenges us to follow the evidence and do what delivers results.”

Connecticut’s 2024 data was measured against numbers from 2019. While most measures didn’t see a significant change, there were some small shifts. That included a slight increase in the number of low birth weight babies, from 7.8% to 8.1%, and more teens not in school and not working — from 4 to 5%. Despite Connecticut’s strong educational ranking, the numbers in that area also slid back — 40% of pre-K aged kids were not in school, compared to a previous measurement of 35%; more fourth-graders were not proficient in reading, up to 64% from 60%; and more eighth-graders were not proficient in math, 68% compared to 61%.

“Connecticut’s overall high ranking is something to be proud of but evidence we are not doing enough — we must engage in big, bold policy changes that advance economic security for all families, not just the privileged and lucky few,” said Emily Byrne, executive director of Connecticut Voices for Children. “The data show both the impact of investments that support children and families and the consequences of longstanding status quo budgets that don’t address equity and opportunity.”

Byrne said that Connecticut has a “moral responsibility” to support families by strengthening the social safety net and investing in policies that benefit all children.

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This year, the Kids Count report includes an overall numerical score between 0 and 1000. Connecticut scored 708 — well above the national average of 547. But Connecticut’s score also dropped compared to how the Annie E. Casey Foundation rated it during 2019, when it was rated 727. The Foundation said that 2019 was chosen as a basis of comparison because it represents how kids were faring pre-COVID. The numerical ranking is intended to help make more visible how states are improving or declining on metrics independent of how they rank against other states.

By those scores, kids fared worse in 2024 than they did in 2019, with much of this decline driven by education. Connecticut’s educational data improved in only one metric between 2019 and 2024: slightly more high school students are graduating on time. And, despite its mediocre ranking on economic outcomes, Connecticut’s metrics improved in three of four economic categories, with fewer children living in poverty, fewer children whose parents lack secure employment and fewer children living in households with a high housing cost burden compared to 2019 figures.

Data on the decreasing share of young children not in school is notable as Connecticut embarks on an ambitious plan to fund early childhood education for low-income families with an endowment. Under that plan, which Gov. Ned Lamont has said is central to his legacy, families making less than $100,000 per year would pay nothing for pre-K, while families making more than that would contribute up to 7% of their household income.

This <a target=”_blank” href=”https://ctmirror.org/2026/06/08/kids-count-conveys-mixed-picture-of-how-children-fare-in-ct/”>article</a> first appeared on <a target=”_blank” href=”https://ctmirror.org”>CT Mirror</a> and is republished here under a <a target=”_blank” href=”https://creativecommons.org/licenses/by-nd/4.0/”>Creative Commons Attribution-NoDerivatives 4.0 International License</a>.<img src=”https://ctmirror.org/wp-content/uploads/2023/02/cropped-CTMirror_bug_rgb-180×180.jpg” style=”width:1em;height:1em;margin-left:10px;”>

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Popular Hartford Food Hall Decked Out For World Cup

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Popular Hartford Food Hall Decked Out For World Cup


HARTFORD, CT — A popular culinary destination in Connecticut’s capital city says it will be the place to be to watch the biggest sporting event on the planet.

Parkville Market in Hartford will kick off its “Summer of Soccer” celebration June 11 with a watch party for the Mexico-South Africa match, launching a series of soccer-themed events planned throughout the summer.

The Hartford food hall will broadcast matches both inside the venue and on its outdoor patio.

Organizers said opening-day activities will include face painting, custom T-shirt making, giveaways and a 360-degree photo booth.

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Parkville Market’s 22 food vendors, which feature cuisines from around the world, are expected to be a central part of the experience as visitors gather to watch international soccer matches.

In addition to match broadcasts, visitors can use the venue’s new mini soccer pitch outside.

Organizers encouraged guests to bring their own soccer balls and play during events.

“Soccer is the world’s game, and Parkville Market is where the world comes together,” said Carlos Mouta, owner and CEO of Parkville Market. “And let’s go Portugal!”

Special event activations are planned for June 11, June 27 and the tournament final on July 19, according to organizers.

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Located at 1400 Park St. in Hartford, Parkville Market is Connecticut’s first and largest food hall. The venue includes 22 restaurants, three bars, private event spaces and outdoor dining areas.





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Person shot in New Haven; injuries not believed life-threatening, police say

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Person shot in New Haven; injuries not believed life-threatening, police say


In a post on X, New Haven Police Department said officers were out with a shooting victim in the area of Orchard and Charles streets at 6:43 p.m.

Police said the victim’s injuries do not appear to be life-threatening.

New Haven police Officer Christian Bruckhart said the scene was still active as of 6:45 p.m.

This is a developing story and will be updated.

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