Auto-enrollment push could boost Americans' retirement wealth by up to 77%
Trump signed an executive order to create TrumpIRA.gov, offering private-sector IRAs with a federal Saver's Match for workers without employer retirement plans, with potential expansion through legislation. Morningstar modeling suggests that combining auto-enrollment and larger matches could lift U.S. retirement wealth by as much as 77% (about $1.35 trillion) over 10 years, especially helping lower-income savers. Proposals like the Retirement Savings for Americans Act and Automatic IRA Act would auto-enroll workers and boost matching contributions to broaden coverage for tens of millions of workers.