Summary
President Donald Trump mentioned that his administration is looking into a new retirement program inspired by Australia’s retirement savings system. This program is still in the exploration phase, and specific details have not been provided. The announcement was made during a White House event where a significant donation was pledged to aid children's savings.
Key Facts
- President Trump discussed the idea of a new retirement savings program.
- The program takes inspiration from Australia’s retirement system.
- Australia’s system involves employers contributing a portion of workers' earnings to retirement funds.
- Trump mentioned the idea in the context of addressing U.S. birthrate policies.
- The announcement was made at a White House event.
- Billionaires Michael and Susan Dell pledged $6.25 billion for a children's savings initiative.
