ASPIRE
From MSNBC:"Imagine a world in which every baby receives a trust fund at birth. It might sound like a fairy tale, but being born into money -- or at least into a $500 savings account -- could soon become a reality for all children born in the United States.
Lawmakers are considering a bill that would give each newborn just that, with the goal of promoting savings that would later be used for education, a first home or retirement.
Here's what you should know about the ASPIRE (America Saving for Personal Investment, Retirement and Education) Act:
How would this program work?
The ASPIRE Act would give each child born in the United States a $500 savings account. Low-income children would receive additional funding, and all participants could add to their accounts over time.
Would it really help people save more? oes this mean the children of illegals too?
Lawmakers are considering a bill that would give each newborn just that, with the goal of promoting savings that would later be used for education, a first home or retirement.
Here's what you should know about the ASPIRE (America Saving for Personal Investment, Retirement and Education) Act:
How would this program work?
The ASPIRE Act would give each child born in the United States a $500 savings account. Low-income children would receive additional funding, and all participants could add to their accounts over time.
Would it really help people save more? oes this mean the children of illegals too?
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by moondancerinred




