The Research

Built on what the data shows works.

When children have money invested in their own name, they begin to see what’s possible. Earlyinvestment helps build confidence, good financial habits, and long-term growth

Over time, these accounts can support goals like education, starting a business, buying a home,or saving for the future. Starting early allows growth to compound year after year.

3x

More likely to graduate high school ¹

2.5x

more likely to graduate college ²

Earlier

enabled with help for down payments ³

More likely

To start a business ⁴

Stronger

financial behaviors that carry into adulthood ⁵

Higher

upward mobility compared to parents ⁶

One child’s start builds shared progress.

Early investment accounts don’t just support children. They strengthen families and communities over time

Improved financial literacy across households, with pilot programs showing stronger wealth-building decisions for families⁷
Stronger social and emotional development, shown in a randomized study of children with early accounts⁸
Greater life stability, with early asset ownership associated with reduced contact with the criminal justice system⁹

One account. Many ways to add value.

For Business A simple, Treasury-backed benefit that supports employees’ children and shows families matter. For Philanthropy The most direct way to build opportunity: capital in children’s hands, growing toward the future they choose

Dive Deeper

The Milken Institute

A $1,000 Invest America account at birth could grow to over $500,000 in a lifetime, boosting college attendance, earnings, entrepreneurship, and homeownership—especially for low- and middle-income children.

Read the Report

Aspen Institute

Aspen’s expert convening shows that early investment accounts are already delivering measurable financial and social benefits—and can scale nationally with smart design and sustained contributions

Read the Report

1. Elliott, W., & Beverly, S. (2011). The role of savings and wealth in reducing the gap between expectations and college attendance. Journal of Children and Poverty.

2. Piwowar, M. S., & Shapiro, R. (2025). The Economic Impact of Invest America Accounts. Milken Institute.

3. Samuels, R. (2025). Milken Institute Advocates for “Invest in America” Accounts for Newborns. PLANSPONSOR.

4. Piwowar, M. S., & Shapiro, R. (2025). The Economic Impact of Invest America Accounts. Milken Institute.

5. Sherraden, M., Huang, J., & Kim, Y. (2014). Toward financial capability for all. Washington University Center for Social Development.

6. Ratcliffe, C., & McKernan, S. M. (2013). Do wealth gains from assets help families move up the economic ladder? Urban Institute.

7. Piwowar, M. S., & Shapiro, R. (2025). The Economic Impact of Invest America Accounts. Milken Institute.

8. Seaman, A. M. (2014). Saving accounts for kids tied to development: study. Reuters, reporting on Oklahoma randomized study.

9. Sherraden, M., et al. (2013). Can early asset building reduce inequality and promote