401(k) retirement savings plan undergoes big change as home buying may become affordable
The Economic Times·2026-01-19 15:10
"We're going to allow people to take money out of their 401(k)s and use that for down payment," he told Fox Business Network in an interview, adding that U.S. President Donald Trump "will put the final plan out in Davos in Switzerland next week."The expected plan comes as Trump grapples with economic headwinds a year after taking office and ahead of November's midterm election, having campaigned on a quick fix to higher prices for American consumers.U.S. housing affordability in particular has remai ...