Here's How Much a $1,000 Investment for a Newborn Could Grow to by the Time They Retire
President Donald Trump is pushing legislation that would provide newborns with $1,000 in a savings accounts. It's an intriguing idea, and when you consider the effects of compounding and long-term investing, it's not hard to see how such an account could grow significantly in the long run if it's invested in the right way.The big benefit newborns have is time. Unlike most investors, who may have 20, 30, or even over 40 years until they retire, newborns have even longer. Below, I'll look at how much a $1,000 investment over a period of 50-plus years could grow.Image source: Getty Images.Continue reading
President Donald Trump is pushing legislation that would provide newborns with $1,000 in a savings accounts. It's an intriguing idea, and when you consider the effects of compounding and long-term investing, it's not hard to see how such an account could grow significantly in the long run if it's invested in the right way.
The big benefit newborns have is time. Unlike most investors, who may have 20, 30, or even over 40 years until they retire, newborns have even longer. Below, I'll look at how much a $1,000 investment over a period of 50-plus years could grow.
Image source: Getty Images.
