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Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find
Key takeaways
- President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don't currently have access to a 401(k) or another workplace plan.
- Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.
- "Low-income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts."
President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don't currently have access to a 401(k) or another workplace plan.
Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.
The order calls for the launch of a new website next year, Trump IRA.gov, where workers could research, compare and enroll in private-sector individual retirement accounts through which, if eligible, they could collect a matching contribution from the federal government.
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