Why? Well, it seems that New York based financial planning company, Voya Financial was offering $500 to any baby born today.
The company are hoping to publicise the benefits of saving for a retirement fund from an early age.
The company are hoping to publicise the benefits of saving for a retirement fund from an early age.
Figures have shown that by the time today's new arrivals are of college age, that $500 will be worth $1,200 and a whopping $12,000 by baby's retirement day. Not a bad little sum at all!
The offer which is taking place during America's National Save for Retirement week, a campaign to drive home the importance of future financial planning, has been gaining a lot of attention online and why wouldn't it? It's not every day you hear that 10,000 babies are due to earn $500 before they've properly opened their eyes for the first time!
The offer which is taking place during America's National Save for Retirement week, a campaign to drive home the importance of future financial planning, has been gaining a lot of attention online and why wouldn't it? It's not every day you hear that 10,000 babies are due to earn $500 before they've properly opened their eyes for the first time!
It has been reported that having $500 in the bank would give these babies a higher net worth than over 25 million American households. A startling thought, right?