By the way, starting next year, July 4th of next year, the 250th anniversary of the United States of America, every child in America will have a personal investment account. Every newborn child will have it seeded with $1,000. Parents, family, employers can contribute up to $5,000 a year in a tax advantaged account. All of that money is invested in The S&P 500 is invested in the stock market. (36:50–36:54)
CLAIM
Asserts that each newborn's investment account will start with $1,000.
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