US EditionTrump 'Seriously' Considering Implementing Australian Retirement Program
Trump highlights Australia's $4.1 trillion superannuation pool as a model to boost U.S. child savings with a $9.5 billion donation to 'Trump Accounts' for American children.
- President Trump said his administration is 'very seriously' considering adopting Australia's superannuation system at a White House event with a $9.5 billion donation, unveiled during the Trump Accounts announcement.
- Earlier this year, US Treasury Secretary Scott Bessent attended a February 26 summit at the Australian embassy and praised superannuation's reliable growth, as the Australian government and Kevin Rudd actively promoted the system.
- Trump tied the idea to efforts to raise the birthrate, linking it to the declining US fertility rate, while coverage noted uncertainty about how a mandatory-style model fits with the voluntary 401k system.
- Australia's large retirement pool suggests about $400 billion currently invested in the US, projected to reach $1 trillion over the next decade, underpinning the Trump Accounts child-savings infrastructure.
32 Articles
32 Articles
Trump Eyes Aussie Retirement Model as a Possible Fix for US
Looking overseas for fresh ideas, President Trump says his team is studying Australia's retirement savings program as a possible model for revamping how Americans prepare for their later years. Trump said Australia's "superannuation" system—requiring employers to contribute 12% of an employee's income to a retirement fund—was "a good...
America’s Retirement Dilemma and Australia’s Surprising Blueprint – The American Spectator | USA News and Politics
America has some demographic and economic headwinds facing it. In short, the U.S. needs to boost its birthrate and better secure a retirement system that is running out of means and therefore money to fund it. In the next decade, Australia’s retirement savings pool is set to become the second largest globally, surpassing Britain and Canada, but still falling short of the US. President Trump’s administration is exploring ways to address both conc…
Trump ‘very seriously’ considering replicating Australian retirement program * WorldNetDaily * by Elizabeth Troutman Mitchell, The Daily Signal
Source link President Donald Trump said he is “seriously” looking into replicating a version of the Australian retirement savings accounts program to increase the U.S. birth rate. On Tuesday, billionaires Michael and Susan Dell pledged to donate $6.25 billion to the Trump accounts, originally called MAGA Baby Bonuses, which were created by the One Big
Why car prices keep rising, vaccine changes, fixing the retirement system: Catch up on the day’s stories
By Daniel Wine, CNN 👋 Welcome to 5 Things PM! Throw another shrimp on the barbie. President Donald Trump said he’s looking Down Under for inspiration on how to improve the retirement savings system in the US. Here’s what else you might have missed during your busy day. 5 things 1️⃣ Sticker shock The average
The Trump administration could be inspired in Australia to improve America’s retirement savings system. President Donald Trump said Tuesday at the White House that his government is looking at an Australian-like retirement program. “We’re looking at it very seriously,” Trump said. “It’s a good plan. It’s worked really well.” Australia’s main retirement savings program—known as “superannuation”—has caught the attention of officials in Washington.…
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