If you add in the 1000$ that treasury plans to invest starting next year, that is $1250 compounded at 5% annually after 18 years to $3008.27. It's probably still not a "head start" given that inflation is assumed to nominally rise at 2.5 to 3.5% annually and will take a bite out of what the real value is worth in 18 years. Good intentions but misplaced as others have stated. Investing in other ways to provide upward economic mobility will provide much better ROI for the society than allowing most of the wealth to accrue to a handful of people

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magicalist 2 hours ago | parent [-]

> If you add in the 1000$ that treasury plans to invest starting next year, that is $1250

This is largely separate from your point, which is good, but the $250 is for kids that won't get the $1000. The $1000 only goes to kids born between 2025 and 2028.

	▲	Balgair 22 minutes ago \| parent [-]
		Real quick, the $1000 530A account, if you put in just $1/day, $30/mo, on top of that account, then you get out ~$12,000 at the end of 30 years (assuming 5% interest rate). Which, yeah, that's enough to start a very small business (lawncare, blacksmithing, etc). The stock market is at ~9.5% returns historically, inflation is likely at ~3% historically, so assume a little higher at 6.5% and that $1000 with a dollar a day increase is then ~$14,800, inflation adjusted. If you go up to ~$100/mo at 6.5%, then you get ~$42,000, which is an honest start to a small business or college tuition. The little extra per month really adds up here! I may not like the administration for a lot of things, but this is one thing that I can really get behind.