I have come up with a slightly different version of what this article talks about. This article poses giving $500 to every child born in the and for the money to be used for college or retirement. My idea would be to give much more money and let it grow only for retirement, however the money would only be a loan which would be paid back upon reaching adulthood. The loan would be paid out of the same funds that we currently pay to social security, thus there wouldn’t be an extra burden.
Short term costs would be astronomical, but the long term benefits would be absolutely incredible.