She's born Next year, she has the account opened for her. $1,000 is automatically seeded. Her parents or family or an employer puts 5,000 a year, each year into that account. If you assume the historic rate of growth of the S&P 500, which is 7% a year, by the time that little girl is 18, she will have $170,000 in that account. And if she keeps saving, by the time that little girl is 35, she will have $700,000 in that account. That is game changing. (23:20–23:34)
CLAIM
Asserts a projected growth of investment accounts based on historical S&P 500 growth rates.
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