Newt Gingrich: Personal liberation with Lifetime Savings Accounts

What if every child started out in life with his or her own personal savings program for college, for first-time home purchases, and for retirement?

A savings program started at birth benefits from more years to earn and accumulate interest, resulting in a bigger nest egg over time. Granting every child such an opportunity would result in broader and more equal ownership of savings and capital for each citizen. Such widespread capital ownership would empower and liberate every American in their personal pursuit of happiness and the American Dream.