Joe Lavorgna
speaker
132 appearances
1 recordings
1 series
first heard Jan 2026
last heard 28 Jan
Joe Lavorgna’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
Uh, and the Trump administration is going to start that with seed capital of a thousand dollars.
which then can go upwards of another $5,000 that could come through a combination of either an employer, a family member, a guardian, parent, to really build wealth and to get, over time, young boys and girls understanding the powers of compound interest and how an investment today can pay huge dividends longer term.
And, Clay, I want to also I should add that Secretary Besson highlighted that nearly 40 percent of U.S.
households have no direct equity exposure.
Right.
This is a way really to make Americans part of the capitalist system.
It's an inclusive way to build wealth and to create financial security.
Regarding the compound question, if you put the government gives a thousand dollars in 2026,
Then let's say that through a combination of either employment or somebody making the maximum contribution, after the $1,000, you contribute $5,000 additional every year for the next 18 years.
Based on historical equity returns of roughly 10%, that money, when you do the math, could be worth slightly more than $300,000.
Leave it in another 10 years.
The historical returns again, with the maximum contribution of 5,000 per year, that money could be worth almost 1.1 million.
So the power of compounding is remarkable and people are going to intuitively innately understand, uh, financial literacy when they go to their Trump account and they see, wow, look at how this thing is increasing in value.
And I add more, I could make more.
I mean, it's savings in real time.
And I think it's going to be a great tool that people are going to realize we need to invest in the future.
And they're going to probably leave their money in there.
And they're going to then reap the benefits from being invested in all these wonderful companies that create a lot of high-paying jobs and investing and helping make the U.S.
economy and continue to keep the U.S.
economy the best and brightest in the world.
Showing 21–40 of 132 · page 2 of 7
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