{"id":172931,"date":"2025-12-03T13:45:10","date_gmt":"2025-12-03T13:45:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/172931\/"},"modified":"2025-12-03T13:45:10","modified_gmt":"2025-12-03T13:45:10","slug":"trump-very-seriously-considering-australian","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/172931\/","title":{"rendered":"Trump ‘Very Seriously’ Considering Australian\u2026"},"content":{"rendered":"

President Donald Trump\u00a0has revealed that his administration is actively exploring the possibility of implementing a retirement savings <\/a>system similar to Australia\u2019s in the United States.<\/p>\n

Trump expressed his administration\u2019s serious consideration of adopting Australia\u2019s superannuation system. Trump highlighted the A$4.1 trillion ($2.70 trillion) retirement savings pool in Australia (as of May 2025) as a successful model. <\/p>\n

\u201cWe\u2019re looking at it very seriously. It has worked out very well; it\u2019s a good plan.\u201d Trump added that he is looking at the plan not for children \u201cnecessarily\u201d but for working people. <\/p>\n

When asked if\u00a0he was specifically referring to\u00a0the superannuation scheme, Trump confirmed, \u201cThat\u2019s what they\u2019re talking about, yep.\u201d<\/p>\n

It’s unclear if the Trump Administration plans to implement a superannuation model alongside the long-established 401(k) system of the U.S.<\/p>\n

See Also:\u00a0Intel Stock Just Hit A 52-Week High On Apple Buzz: What\u2019s Going On?<\/a><\/p>\n

Massive Boost For Trump’s Child Accounts<\/p>\n

Trump made these comments on Tuesday after \u00a0Michael Dell, the billionaire founder of Dell Technologies Inc. (NASDAQ:<\/a>DELL<\/a>) and his wife, Susan, announced a $6.25 billion donation to fund the new government-backed Trump-branded investment<\/a> accounts for children. This donation is set to benefit up to 25 million children aged 10 and under, residing in areas with a median income below $150,000.<\/p>\n

Following this, the Invest America Act was passed, with\u00a0Altimeter Capital CEO Brad Gerstner\u00a0describing it as a transformational “401(k) from birth.” The Act, which was positioned as the cornerstone of Trump\u2019s “Main Street agenda,” aims to close the wealth gap<\/a>. <\/p>\n

Can Australia’s Model Fit The US?<\/p>\n

Australia’s retirement system relies on mandatory employer contributions to private “superannuation” accounts that grow through investments and remain locked in until retirement, providing a nationwide savings base that supplements the public age pension. Workers can add extra contributions, and the balances grow over time via investment returns.<\/p>\n

According to the Australian government, the country\u2019s superannuation system oversees the world’s fourth-largest pool of pension assets, bigger than the combined sovereign wealth funds of the UAE and Saudi Arabia.<\/p>\n

Australia has been actively pitching its superannuation system to U.S. officials and investors as a major capital source, with Ambassador Kevin Rudd leading the effort. In February, Treasury Secretary Scott Bessent even attended a dedicated superannuation summit in Washington, where he praised the “sustainable” and “regular”\u00a0growth of Australia’s pension funds. <\/p>\n

READ NEXT:<\/p>\n

Image via Shutterstock<\/p>\n

Disclaimer:\u00a0This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump\u00a0has revealed that his administration is actively exploring the possibility of implementing a retirement savings system…\n","protected":false},"author":2,"featured_media":172932,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[2476,72,3109,176,3113,61,3107,60,43,3110,3108,3111,174,175,3112,268],"class_list":{"0":"post-172931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-breaking-news","9":"tag-business","10":"tag-daily-news","11":"tag-finance","12":"tag-global-news","13":"tag-ie","14":"tag-inkl","15":"tag-ireland","16":"tag-news","17":"tag-news-app","18":"tag-news-headlines","19":"tag-news-today","20":"tag-personal-finance","21":"tag-personalfinance","22":"tag-today-news","23":"tag-world-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/172931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=172931"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/172931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/172932"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=172931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=172931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=172931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}