If you assume historic rates of growth of the s and P500, that little baby, by the time he or she turns 18, would have $170,000 in their account. If they kept on investing 5,000 a year, By the time [a child] turned 35, they would have $700,000 in that account [assuming continued investment]. And that's for every child in America. That is a really powerful way to enable every child to have the benefits of compound growth. Senator, I want to go to L. (08:18–08:20)
CLAIM
Asserts that a child could have $700,000 by age 35 with continued investment and historic growth rates.
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