Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find

President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don't currently have access to a 401(k) or another workplace plan.Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.The order calls for the launch of a new website next year, TrumpIRA.gov, where workers could research, compare and enroll in private-sector individual retirement accounts through which, if eligible, they could collect a matching contribution from the federal government."You'll then be able to access the same type of retirement accounts that federal employees enjoy through the Thrift Savings Plans, which are incredible, as part of the federal Saver's Match program," Trump said at a White House press conference. "Low-income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts."The accounts will be integrated with the Saver's Match, a provision from 2022 legislation known as Secure 2.0, which provides matching contributions of up to $1,000 for lower-income Americans saving for retirement. Now, the Trump administration hopes to work with Congress to pass legislation that will expand