TRUMP EYES AUSTRALIA’S RETIREMENT MODEL President Donald Trump wants officials to study Australia’s $3.1 trillion private pension system as…
TRUMP EYES AUSTRALIA’S RETIREMENT MODEL
President Donald Trump wants officials to study Australia’s $3.1 trillion private pension system as a possible blueprint for US retirement reform.
Australia requires employers to contribute 12 % of workers’ salaries—including for part-time employees—into privately managed funds.
Supporters say the model could expand retirement coverage as Social Security faces funding pressures.
Critics warn compulsory employer contributions could affect wages and that Australia’s system is no simple fix for America’s retirement challenges.
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