Politics

Trump’s Social Security Overhaul Plan Draws Inspiration from Abroad

Updated 2026-07-08 10:40 UTC 1 source Neutral

President Trump is seeking inspiration for overhauling the U.S. Social Security system by looking at Australia's superannuation model, which requires companies to contribute a percentage of their workers' pay into retirement plans.

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The Hill
President Trump says he’s looking to Australia for inspiration on how to overhaul his nation’s Social Security system and put people in “much better shape” by retirement age. Australia’s superannuation system requires companies to contribute a percentage of their workers’ pay into a retirement plan.
2026-07-08 10:00 UTC
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