In the Australian system, your employer has to pay 12% of your pay into a pension ("superannuation") fund of your choice. Taxpayers still pay for pensions for those whose individual pension accounts have run out – but, in coming decades, that taxpayer expenditure is projected to shrink. [0]

Maybe the US should look at copying it? Well, Trump has expressed interest in doing so. [1] But, Australia has had something like this since the 1990s, so even if the US adopted the Australian model tomorrow, it would take a few decades for it to really make an impact.

[0] https://www.thesenior.com.au/story/9346972/age-pension-spend...

[1] https://www.ncpers.org/blog/what-trumps-interest-in-australi...