Abstract | The policy of D. Trump’s presidential administration represents another step towards increasing self-sufficiency and economic mobility of Americans, eliminating long-term Government dependence from welfare system; empowering individuals by providing opportunities for financial independence. The presidential administration is proposing new regulations, such as strengthening current work requirements, pushing tougher rules for the recipients of welfare programs. As to retirement issues, they will become more and more important due to baby-boomers retirement. Polls show that households are preparing for retirement by increasing individual pension plans which are stimulated by tax-based incentives. The main idea of the presidential administration in doing with pension problems is raising participation in retirement saving programs and increasing overall wealth accumulation. The new Retirement Enhancement Act tends to increase access to tax-advantaged retirement plans, especially for small businesses which lack resources for establishing such plans. It also removes maximum age limits on retirement contributions, taking into consideration longevity and continuing working longer at the age of retirement. Polls show different levels of satisfaction with the key aspects of life, the power of the federal government, the state of the nation's economy and social issues. A partisan gap remains large and, in some areas, even larger. Views among Republicans, those who lean to the Republican Party and among Democrats, Democratic leaners also differ on many issues, including public education, the quality of affordable medical care, the environment, tax reform. Though the economic indicators were doing well before coronavirus pandemic, the unemployment was at the lowest level it’s been for decades, the rate of poverty going down, a large part of Americans was not sure the economic system is fair to most Americans. The coronavirus is worsening the situation and strengthening the demand for government support measures. |