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Last claim checked October 27 FEEDRSSJSON

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26 October
8:14 pm

If we put in as little as $3,000 for each new child born in America, by the time that they are 65, they will have over a million dollars to retire on

Overstated

Mark Baisley, at Colorado U.S. Senate General Election Debate (Colorado Sun)

8:14 pm
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Why we checked itA specific compounding claim; checkable with standard return assumptions.
What we foundAt the stock market's long-run average return of about 10% a year before inflation, $3,000 grows to roughly $1.4 million in 65 years, so the math can work in nominal dollars. It assumes that return holds for 65 years, and after inflation the total would be worth a few hundred thousand of today's dollars.
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