Trump $1,000 401(k) match plan: can the new government retirement savings boost help 44% of workers without employer plans in 2026? What 56 million forgotten American workers need to know
Published on: Feb. 25, 2026, 10:31 p.m. | Source: The Economic Times
44% of U.S. workers — about 56 million people — lack access to an employer retirement plan in 2026. The Trump $1,000 401(k) match plan aims to close that gap fast. President Donald Trump says the federal government would match up to $1,000 a year for eligible workers without workplace 401(k) coverage. That means higher retirement savings for middle-class and gig workers. Over 20 years, matching funds plus compound growth could add tens of thousands of dollars. Congress must approve funding. If passed, this retirement savings boost could reshape financial security nationwide.
