Last week, President Donald Trump announced his plan to offer the 54 million American workers who do not have employer-sponsored retirement plans the same retirement savings plan given to federal workers that would match workers’ contributions up to $1,000 a year. The policy is just one of many on the president’s new affordability agenda and has the potential to be far-reaching and deeply impactful for low-income Americans.
The plan is the perhaps unlikely brainchild of National Economic Council chief Kevin Hassett and a progressive economist, The New School professor Teresa Ghilarducci.
