Trump '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...
Trump Praises Australia’s Superannuation Scheme, Considers Similar System for US
U.S. President Donald Trump has revealed he is giving serious consideration to an Australian-style superannuation scheme. The American leader made the comments during a media conference where tech billionaire Michael Dell and wife Susan were announcing a US$6.25 billion (A$9.5 billion) donation to the Trump Accounts program. Under the program, children born from 2025-2028 receive a US$1,000 investment account that accrues until they can access i…
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