Trump Proposes Universal Savings and $1,000 Match for US Workers

Donald Trump announced "Trump Accounts" for children and a universal retirement plan for workers during his State of the Union address.The initiative provides $1,000 in seed money for children and offers adults a federal retirement match of up to $1,000 annually, supported by a $6.25 billion pledge from Michael Dell and Susan Dell.Critics argued the matching mirrors the "Saver's Match" program enacted under Joe Biden, though Treasury Secretary Scott Bessent maintained the policy builds on legislation signed by Donald Trump.