Gerstner proposes seeding $1,000 S&P 500 accounts at birth, treating them like 401(k)s from day one.
“Seed it with a thousand dollars in a lockbox in the S and P 500, and treat it like a four zero one k from birth.”
Gerstner says 60 to 70 percent of people don't participate in capital markets upside, expects related announcements soon.
“60 to 70% of people today don't compound in the upside of our capital markets. I think you'll see a lot of announcements in the weeks ahead.”