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GOBankingRates

Vance Cariaga

Would Trump’s Australian-Style Retirement Be Better or Worse Than the U.S. Plan?

United States Australia Donald Trump Robert Johnson Social Security GOBankingRates The United States

Lafargue Raphael/ABACA / Shutterstock

President Donald Trump is weighing whether the United States should adopt an Australian-style retirement system that requires employers to fund their workers’ retirement savings accounts.

Trump said his administration is “very seriously” looking at the Australian system, CNN reported. He also called it a “good plan” that has “worked out very well.”

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