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Trump proposes Australia-style retirement accounts for U.S. children, backed by $6.25B donation.
President Donald Trump said his administration is seriously considering adopting Australia’s superannuation system to boost retirement savings and address the U.S. declining birthrate, following a $6.25 billion donation from Michael and Susan Dell.
The funds will support "Trump Accounts," providing $1,000 to children born between 2025 and 2028 and $250 to 25 million children under 11 in lower-income households.
Accounts, invested in index funds, will be accessible at age 18 for education, homeownership, or starting a business.
While Trump praised Australia’s mandatory, tax-advantaged retirement model, no details on implementation were provided.
Trump propone cuentas de jubilación al estilo de Australia para los niños estadounidenses, respaldadas por una donación de $6.25B.