Trump Proposes New Retirement Account for US Workers Without 401(k) Access

The president announced that his administration would match Americans’ contributions by up to $1,000 each year.
Trump Proposes New Retirement Account for US Workers Without 401(k) Access
U.S. dollar bills in Washington on Nov. 13, 2025. Madalina Kilroy/The Epoch Times
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During his State of the Union address on Feb. 24, President Donald Trump said he plans to create a new retirement program that would give Americans without 401(k) plans access to an account.

Approximately 56 million Americans lack access to an employer-sponsored retirement plan, according to the Economic Innovation Group. This has left many workers missing out on the stock market’s record-breaking performance over the past 15 years.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."