How relief for the 40 million Americans without a retirement account could work

President Donald Trump unveiled a new retirement saving policy in his 2026 State of the Union speech.

Pool photo by Kenny Holston/The New York Times.

• President Trump hopes to match retirement savings for private-sector employees without company plans.
• The plan would expand a Biden-era law that helps fund retirement for low-income workers.
• Economists had mixed reviews of the proposal.

A line in Trump's State of the Union address could be good news for hopeful retirees.