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A group backed by Bill Ackman and Charles Schwab is running a six-figure advertising campaign in Washington to promote American Dream Accounts. The effort includes a mobile billboard that will drive through the city to inform workers without retirement plans.
New York PostA group run by billionaires Bill Ackman and Charles Schwab is launching a six-figure advertising campaign in Washington this week to promote President Trump's American Dream Accounts. The group, Save Match Grow, is paying for a mobile billboard that will drive through the city and share information about the retirement accounts.
The accounts target tens of millions of workers who do not currently have access to a 401(k) or similar workplace plan.
Grow spokeswoman Jessica Anderson said Congress can act to secure the financial future of millions by expanding American Dream Accounts. She added that leaders should seize the momentum from the administration and pass legislation to expand eligibility and increase the value of the federal match.
Anderson described the program as innovative and transformative, saying it rewards work and empowers workers to secure their American Dream.
30, President Trump signed an executive action establishing the accounts for low-income earners who will each receive a yearly federal matching contribution of up to $1,000. Individuals making less than $35,500 annually, heads of household making $53,250 per year, or couples making $71,000 each year are eligible.
The accounts are expected to reach more than 40 million Americans without traditional retirement plans. The accounts will particularly help independent contractors, part-time workers, gig workers, small business employees, and self-employed individuals.
gov is scheduled to launch in January 2027 and will allow Americans to enroll in high-quality, low-cost IRA plans offered by private-sector financial institutions.
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