And if you assume, let's assume a little girl, little boy born this year has the thousand dollars and then has $5,000 invested each year. If you assume historic rates of growth of the s and P500, that little baby, By the time [a child] turns 18, [they] would have $170,000 in their account. If they kept on investing 5,000 a year, by the time they turned 35, they would have $700,000 in that account. And that's for every child in America. (08:18–08:25)
CLAIM
Asserts that a child could have $170,000 by age 18 with the proposed investment plan.
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.
