Trump said Australia’s system ‘worked out very well’ with $200,000 saved by 67 — so why didn’t he apply that model to Trump Accounts?

President Donald Trump cited Australia’s retirement savings model as inspiration for his proposal to offer US$1,000 savings accounts to newborns, aiming to address the U.S. retirement crisis. Australia’s compulsory superannuation system holds A$4.44 trillion, while the U.S. Social Security trust fund is projected to deplete by 2032. Trump’s 'Trump Accounts' allow government contributions for eligible children, with investments transitioning to retirement-like rules at age 18.