Scott Bessent: “Keeping accounts locked until age 18 will require Americans…”

“… a value of a couple of thousand dollars in kindergarten to potentially hundreds of thousands of dollars. Importantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long term savings and compound growth. States, philanthropists and charitable organizations can also tie fund funding of individual Trump Accounts to students passing financial literacy courses.” (21:48–21:56)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.