Trump Eyes Australia’s Retirement System as a Potential 401(k) Rewrite

President Trump is weighing Australia’s mandatory, worker-savings retirement model as a potential template for U.S. reform, arguing it could expand access to retirement accounts; however, experts warn that replacing Social Security with a similar system would be impractical and potentially harmful to current workers, even as the administration expands retirement savings options with TrumpIRA and ongoing auto-enrollment efforts.