He said giving tax-advantaged accounts to children could build support within five years for diverting some payroll taxes into private-style retirement investments, modelled partly on Australia's superannuation system.
The idea revives a politically fraught debate as Social Security's trust fund is projected to be exhausted by 2034, while Donald Trump has pledged not to cut benefits.
Is the 'Trump account' model, inspired by Australia, a hidden tax trap for American families with global ties?
Trump accounts launch in two months. Why are the rules still a mystery for parents and financial advisors?