Trump unveils $1K federal match to target retirement savings gap

President Donald Trump used his State of the Union address Tuesday night to unveil a new federal initiative aimed at helping workers who currently lack access to employer-sponsored retirement plans. Roughly 69 million workers, 55.5% of the U.S. workforce, lacked access to employer-provided retirement plans in 2021, according to an analysis of Bureau of Labor Statistics data conducted by the Economic Innovation Group, a bipartisan public policy organization. The plan would create a government-backed reti ...