America’s retirement system is broken. Trump may have found a bold fix
When President Donald Trump told reporters on last week that he was looking "very strongly" at Australia's retirement system, most Americans probably shrugged and thought, "Great — another retirement plan."They shouldn't.If this idea becomes legislation, it could represent the biggest shift in American retirement policy since Social Security was signed into law in 1935. Don’t be surprised if the Trump name is on the retirement account if it happens.TRUMP LOOKING 'VERY STRONGLY' AT AUSTRALIA-STYLE RETIREMENT SYSTEM: 'TAKING THAT, MAKING IT SHARPER'The important thing to understand is this main point: Trump isn't talking about copying Australia.
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When President Donald Trump told reporters on last week that he was looking "very strongly" at Australia's retirement system, most Americans probably shrugged and thought, "Great — another retirement plan."They shouldn't.If this idea becomes legislation, it could represent the biggest shift in American retirement policy since Social Security was signed into law in 1935. Don’t be surprised if the Trump name is on the retirement account if it happens.TRUMP LOOKING 'VERY STRONGLY' AT AUSTRALIA-STYLE RETIREMENT SYSTEM: 'TAKING THAT, MAKING IT SHARPER'The important thing to understand is this main point: Trump isn't talking about copying Australia. He's talking about taking what works and making it "sharper" for America.So what exactly is he trying to accomplish?Our retirement system was built for an economy that barely exists anymore.People used to work for one employer for 30 years, receive a pension, collect Social Security, and retire. Social Security was built for people to claim it at 65 and live to about 70.
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- What's the story?
- When President Donald Trump told reporters on last week that he was looking "very strongly" at Australia's retirement system, most Americans probably shrugged and thought, "Great — another retirement plan."They shouldn't.If this idea becomes legislation, it could represent the biggest shift in American retirement policy since Social Security was signed into law in 1935. Don’t be surprised if the Trump name is on the retirement account if it happens.TRUMP LOOKING 'VERY STRONGLY' AT AUSTRALIA-STYLE RETIREMENT SYSTEM: 'TAKING THAT, MAKING IT SHARPER'The important thing to understand is this main point: Trump isn't talking about copying Australia.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 4h ago.
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America’s retirement system is broken. Trump may have found a bold fix
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