How children’s savings accounts change lives
Invest America is built on a simple belief: when children grow up with real savings in their name, it changes what they expect from their future. Independent research shows that children’s savings and investment accounts can boost education, build financial security, and help close wealth gaps. The organizations below have studied these impacts and helped shape the Invest America model.
The Impact of Invest America
Milken Institute
This landmark study by economists Michael Piwowar and Robert Shapiro finds that a $1,000 Invest America account at birth could grow on average to $8,000 after 20 years, $69,000 after 40 years, and $574,000 after 60 years. The report highlights how these accounts would boost college attendance, raise earnings, increase entrepreneurship and homeownership, and reduce wealth inequality—especially for children from low-and middle-income families.
Aspen Institute
Aspen Institute convened leading economists, policymakers, and practitioners to examine how $1,000 seed accounts at birth could work nationwide. Their dialogue featured new research showing that such accounts—when invested wisely—can grow substantially over time, and that pilots in Maine and Oklahoma already yield measurable financial and social benefits.