Acorns for kids? EarlyBird is the gift of financial literacy
Ever grappled with the lack of financial literacy in this country? Or are tired of wasting money on toys that your kid or someone else's kid will use for 5 minutes? EarlyBird lets you accomplish it all by essentially being the Acorns for kids. You start an account, put in a set amount of money to invest (others can contribute gifts of money to the portfolio as well) and can grow that money for years and years until the child turns 18 and gains control of their account. Co-founder and CEO Jordan Wexler talks about how these investing on EarlyBird - with relatively small amounts of money - can help children understand the world of money gradually through exposure, and become readied participants in the financial system faster than any generation before now.