The Daily Signal 12/2/2025 1:52:45 PM
President Donald Trump said he is “seriously” looking into replicating a version of the Australian retirement savings accounts program to increase the U.S. birth rate.
On Tuesday, billionaires Michael and Susan Dell pledged to donate $6.25 billion to the Trump accounts, originally called MAGA Baby Bonuses, which were created by the “One Big, Beautiful Bill Act.” The plan was pitched as a way to incentivize people to have more children. The Daily Signal asked Trump if he had any further policy proposals in the works to raise the birth rate.
“There’s a certain Australian plan that people like,” he said. “There’s a plan where, not for children necessarily, but for people, working people, and we are looking at other things different from this. I think this is very unique, but different from this, but very important.”
The president clarified that he was referring to Australia’s retirement savings accounts program.
Australia’s superannuation program, which was introduced in 1992, requires companies to contribute 11% of their workers’ monthly pay into a retirement plan. Employees can top up contributions from their paychecks.
“We’re looking at it very seriously,” Trump said. “It’s a good plan. It’s worked out very well.”
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