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We're Committing $6.25B to Give 25M Children a Financial Head Start

https://www.onedell.com/investamerica/
19•duck•32m ago

Comments

yandie•12m ago
$250 per child, at 5% interest rate, compounded in 18 years, you'd get $601.65.

Even in today's money, I wouldn't call it a "head start"

piker•10m ago
Trivial for a lot of people, sure, but imagine the difference between not knowing what an investment account is and knowing that you've got $250 in one that you can contribute more to.
codeddesign•4m ago
So..a 401k
qntmfred•7m ago
one of my kids is a senior in high school. they'd be quite content to have an extra $600 in their pocket. also...

> beginning next year, the U.S. Treasury will contribute $1,000 to the Invest America account of every baby born on or after January 1, 2025

hopefully more people/organizations will decide to contribute as well.

decisionsmatter•5m ago
Selfless move. Have a lot of respect for the Dell philanthropy arm for doing this, will surely benefit a bunch of kids down the road even if they are more financially literate
sc68cal•5m ago
I would much rather tax the wealthy, so that we could create a society where we don't have children who need a "financial head start"

I read a book nearly a decade ago, that I think is worth highlighting.

> The book's central thesis is that members of the global elite are using philanthropic institutions to preserve a system that concentrates wealth and power at the top at the expense of societal progress. Giridharadas examines the narrow limits of modern philanthropy, claiming that rich donors avoid contributing to causes which could undermine their own lofty status. He argues that in some cases, the political lobbying efforts of wealthy donors may reduce the government's ability to address inequality.

https://en.wikipedia.org/wiki/Winners_Take_All:_The_Elite_Ch...

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We're Committing $6.25B to Give 25M Children a Financial Head Start

https://www.onedell.com/investamerica/
22•duck•32m ago•11 comments

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