Gerstner cites 401(k) programs hold $13 trillion with $75 billion contributed annually as model.
“The four zero one k program in this country now has $13,000,000,000,000 in it. 75,000,000,000 is contributed annually.”
Gerstner says Invest America would give 3.7 million kids born annually a private account like a 401(k).
“3,700,000 kids born a year. They each get a private account. Think of it as a four zero one k from birth.”