The $1k could grow to around $3,570 over 18 years, $87k at age 65. But if parents etc add $5k a year, $90k of that age 18 figure is from that. $5k year is $417 per month.
We can see who benefits from this and it's not the bottom 50%. Unless free, also fees to be paid
The $1k could grow to around $3,570 over 18 years, $87k at age 65. But if parents etc add $5k a year, $90k of that age 18 figure is from that. $5k year is $417 per month.
We can see who benefits from this and it's not the bottom 50%. Unless free, also fees to be paid