07/15/2026
When President Trump told reporters that he was looking "very strongly" at Australia's retirement system, most Americans probably shrugged and thought, "Great — another retirement plan."
They shouldn't. If this idea becomes legislation, it could represent the biggest shift in American retirement policy since Social Security was signed into law in 1935.
But Trump isn't talking about just copying Australia. He's talking about taking what works and making it "sharper" for America.
Australia requires employers to contribute a percentage of an employee's wages into an individual retirement account known as a "Super," which follows the employee from job to job.
The result? Australia has built one of the world's largest retirement savings pools relative to the size of its population. There is a constant flow of capital into the markets. Trump likes that thought, writes Ted Jenkin.
