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Scott Bessent: “Assuming historical growth rates continue, that single…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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JUST IN: First Lady Melania Trump And Scott Bessent Launch 'Fostering The Future Accounts'

Published | Video Starts at 07:43

Every American child born between January 2025 and December 2028 is eligible to receive a 10,000 a $1,000, the seed contribution from Treasury. Assuming historical growth rates continue, that single deposit in an index fund should grow to at least half a million dollars by the age of retirement. demonstrating that assets of life changing scale can begin with small steps. But as we began to develop Trump accounts, the first lady emphasized that foster youth face difficulties that few others do. (07:43–07:54)

CLAIM

Asserts that a $1,000 deposit could grow to $500,000 by retirement if historical growth rates persist.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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