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Micron put $250M into a million kids' accounts and made charity obsolete | The Pirate Street Journal

HERE'S WHAT WE COVERED IN THIS EPISODE:

1. Hand the kid the stock, not the check.

Invest America accounts are live. Every child born between 2025 and 2028 gets $1,000 in an S&P 500 index fund. Gwynne Shotwell and her husband are putting SpaceX stock into more than 2 million accounts for kids 11 to 17 in less affluent areas, roughly a sixth of her 12.6 million shares. A week earlier Micron put in $250 million, seeding up to a million accounts and matching employees up to $1,000 a child. Eddie calls it charitable investing, where the gift is an asset that compounds instead of an expense that…

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