Trump Considers Australian-Style Retirement Savings to Address US Birth Rate

Former U.S. President Donald Trump says he is "seriously" considering a policy similar to Australia’s superannuation system. He offered few details but called the Australian model a “good plan.” Trump suggested that adopting such a system could help address America’s declining fertility rate. He did not explain how the policies might be linked. Australia’s superannuation system requires employers to pay a percentage of a worker’s earnings into a dedicated retirement fund. This is separate from a government pension. The remarks indicate Trump is exploring major changes to U.S. retirement savings policy. Any such proposal would require approval from Congress.