Why Does Donald Trump Think Australia Has the Answer to Social Security’s Woes?
By Motley Fool – Jul 20, 2026 at 4:18AM EDT
KEY POINTS
* Australia’s superannuation fund helps ensure workers have money in retirement.
* Only employers are mandated to pay into the superannuation fund.
* U.S. retirement experts warn that switching over to the Australian system would not be an easy fix.
* The $23,760 Social Security bonus most retirees completely overlook ›
* Only employers are mandated to pay into the superannuation fund.
* U.S. retirement experts warn that switching over to the Australian system would not be an easy fix.
* The $23,760 Social Security bonus most retirees completely overlook ›
President Donald Trump has said that his administration is examining an overhaul of the U.S. retirement savings system, and that Trump would like that overhaul to be modeled on Australia’s approach. While the president’s details remain fuzzy, he promises the new system — known as superannuation funds — would be better for American workers.
“They have a plan in Australia, which people really like. It’s really worked out very well, incredibly well, and very respected. And we’re going to be talking about that with Congress and see if we can implement it …” Trump was quoted as saying July 6 during a Rose Garden lunch.
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READ MORE: https://retire.ly/2026/07/20/why-does-donald-trump-think-australia-has-the-answer-to-social-securitys-woes/?utm_source=theepochtimes&utm_medium=theepochtimes
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