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Trump Administration Proposes Risky 401(k) Changes Amid Savings Crisis

6/14/2025

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Summary

Story summary

The Trump administration seeks to add private equity and cryptocurrency to 401(k) plans, raising concerns about risks and fees.
Critics warn this could disadvantage individual investors lacking expertise in these complex assets.
Many Americans struggle with retirement savings, as 44% of households aged 55-64 have no savings.
New legislation proposes automatic enrollment in retirement accounts to improve access for low-income workers.

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Story summary

The Trump administration seeks to add private equity and cryptocurrency to 401(k) plans, raising concerns about risks and fees.
Critics warn this could disadvantage individual investors lacking expertise in these complex assets.
Many Americans struggle with retirement savings, as 44% of households aged 55-64 have no savings.
New legislation proposes automatic enrollment in retirement accounts to improve access for low-income workers.