Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find

trump signed an executive order thursday creating a new way for workers without 401(k)s to save for retirement. roughly 56 million americans lack access to an employer-sponsored plan, per pew research. the order launches trumpira.gov next year, where workers can enroll in private iras and get federal matching contributions. low-income americans could receive up to $1,000 per year in matching funds, integrated with the secure 2.0 saver's match program. starting tax year 2027, single filers making up to $20,500 qualify for a 50% match on up to $2,000 in contributions. morningstar researchers modeled the impact of expanded provisions — including auto-enrollment, higher match rates, and broader income caps — and found cumulative retirement wealth could rise 77%, adding $1.35 trillion over 10 years. the key lever, says morningstar's spencer look, is automatic enrollment: making people opt out instead of opt in. under a base case with 3% auto-enrollment, 32.3 million new savers would enter the system and wealth would increase 28%.