Next year, on July 4th, every child in America is going to have a personal investment account open for them. Newborn children will have a thousand dollars automatically seated into it, which is amazing. Parents, families, employers can put up to $5,000 a year in a tax advantage account. And all of that will be invested in the S&P 500 will be invested in a broad based equity index, invested in the stock market. Two massive benefits from this. (23:21–23:29)
CLAIM
Asserts that up to $5,000 a year can be contributed to these accounts tax-advantaged.
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