Saturday, May 13, 2017

Progressive Idea of the Week: Thrift Savings Plan accounts at Birth

This weeks progressive idea of the week is the development of thrift savings plans for families to enroll their children in at birth. Funds would be deducted from the parents pay checks and turned over to the child when they turn 18. The funds would be like a government bond. The funds would go towards investments in infrastructure. The bond would mature over time and could be applied to the child/young adult's college education or home purchase. This is an idea that has been around progressive circles for some time and it is a good way to inject funds to help our nations need and provide free funds for investments like ones education.


https://www.americanprogress.org/issues/ext/2016/01/28/130136/improving-americans-retirement-outcomes-through-the-national-savings-plan/

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