Invest America: A 401(k) for Every Newborn

The 47 Morning Update with Ben Ferguson · May 14, 2025 · 46m

🔑 Invest America Initiative Core Idea: Automatically create an investment account for every newborn in the U.S., seeded with $1,000 from the government. Contribution Cap: Up to $5,000 per year can be added to the account in a tax-advantaged way by family, friends, employers, or philanthropists. Investment Strategy: Funds would be invested in broad market instruments like ETFs or mutual funds tied to the S&P 500. Goal: To promote financial literacy, economic mobility, and long-term wealth accumulation for all children, regardless of socioeconomic background. 🧠 Key Arguments in Favor Compound…