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. That enables every kid to enjoy the incredible benefits of compound growth which will transform our kids. (36:54–37:02)
CLAIM
Asserts that contributions up to $5,000 can be made annually to these accounts.
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.
