To Fix Retirement Crisis, Give Every Baby $10,000

To Fix Retirement Crisis, Give Every Baby $10,000

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The video addresses the retirement crisis in the U.S. and proposes a solution: giving every newborn $10,000 to invest in stocks. This investment could grow to $1.8 million by retirement age, alleviating the need for personal savings. The video discusses current challenges, such as low wages and limited time for saving, and suggests government funding as a feasible solution. It also explores the potential of a need-based system and the reliability of long-term stock market investments. The video concludes with a call to action for leveraging government resources to ensure financial security for future retirees.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the average amount workers believe they need to afford retirement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the estimated cost of providing $10,000 to every baby born in the US each year?

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