Gerstner says Invest America accounts compound to $175k at 30 and $1M at 50.
“At 30, you have $175,000. And at 50, you have a million dollars. But most importantly, your entire life, you have hope. Right? Your entire life, we tackle the problem of hopelessness in this country.”
Gerstner projects Invest America accounts would grow to $50,000-$60,000 by age 18 through S&P 500 compounding.
“So by the time you're an eight you're 18 years old, you will have an account in the S and P five hundred that's worth upwards of 50 to $60,000.”
Gerstner projects that $1,000 seed plus $750 annually grows to $50,000 by age 18.
“If we do this, $7.50 a year, it's $50,000 at age 18 when they can first touch it,”