"Microsoft, Uber, and Dell back plan for stock market portfolios for every American child"

1 min read
Source: CNBC
"Microsoft, Uber, and Dell back plan for stock market portfolios for every American child"
Photo: CNBC
TL;DR Summary

Tech investor Brad Gerstner is working with lawmakers to promote a legislative program called Invest America, which aims to create a government-funded investment account seeded with $1,000 for each child born in the U.S. Gerstner is also encouraging corporate America to offer matching funds to help employees further their savings. Companies like Zillow, Dell, and Uber have shown positive responses to the proposal. The program could benefit companies by offering competitive benefits and attracting and retaining talent. It could also provide tax incentives and create a brand bump for participating companies. However, critics argue that there are already existing ways for parents to invest on behalf of their children and that not all employees may be able to take advantage of the program. The implementation of the investment account system may take years, but efforts are underway to make it a reality.

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