Earlier this month, Philadelphia voters passed a city-sponsored retirement plan for workers without a 401k or other employer-sponsored savings plan. Workers can opt out, but by default, every worker without an employer plan will begin saving into an IRA that they own. This policy, supported by a democratic mayor and democratic electorate, is similar to state-sponsored programs in 15 states.

This problem is bigger than Philadelphia — it’s national. According to AARP, 57 million Americans do not have a retirement plan at work. Everyone agrees: Americans are not saving enough. And voices from the Left and Right are rallying around the same core idea: saving and investing should be easier, practically automatic, and workers should be incentivized to do so.

This is a national crisis and President Trump has put forward national solutions, where every American can take an ownership stake in our great nation; so as the country wins, they win too. Last year, President Trump signed into law “Trump Accounts” so every child can begin their life as a stakeholder in America. This helps families and newborn Americans form a habit of saving from the very first day of life.

On April 30, President Trump doubled down for workers and signed an executive order to launch TrumpIRA.gov and empower 57 million Americans who do not have access to employer retirement plans to save for their future. These “American Dream Accounts,” deliver on the promise that hard work, saving, and investing can allow anyone from any background to build a better future for themselves.

American Dream Accounts offer every working American — full-time or part-time — access to a portable investment account, with government matching contributions up to $1,000 a year. This match already exists in law, and by 2027, TrumpIRA.gov will help connect Americans who qualify for the match to an account where they can conveniently invest in the economy. Workers will be able to invest in low-cost index funds that track the market, building wealth alongside America.

The concept is as simple as Save, Match, Grow. Workers save their earnings, receive a modest match, and grow their money in the market. A new initiative by that very name is focused on spreading the word about these accounts and encouraging Congress to codify and expand President Trump’s executive order.

A recent RAND study found that a 27-year-old worker earning $50,000 a year today could retire with more than $1.1 million after 40 years, assuming contributions of 5% of income and 8% annual returns. That is a life-changing amount of money. It means dignity. It means options. It means a retirement built on savings and discipline, not dependence and uncertainty.

Washington loves to talk about the American Dream. This is real action to help Americans achieve it. Investing and compounding growth works for every American — Republican, Democrat, or Independent — the math of ownership and investing is nonpartisan.

For Americans who already have access to a 401(k), saving is easy and automatic. But for tens of millions of workers, it’s not so simple. Some have jobs without employer sponsored plans. Others work gig jobs or bounce between employers. They work hard, but never form the habit of saving a little each month. The $1,000 annual match will change this — it’s a powerful incentive for workers to save regularly.

The match is also cost effective. For every $1 in government spending on the match, the accounts would generate an estimated $103 through individual contributions and compound growth over 40 years, assuming 8% annual returns. RAND found that the program would be deficit neutral over time, paying for itself by building self-reliance and lowering entitlement spending over 23 to 31 years. American Dream Accounts will save Medicaid $2.163 trillion and Supplemental Security Income $162 billion over those years.

These accounts are good for everyone. They are good for workers without existing retirement accounts. They are good for taxpayers. They are good for society as a rising tide lifts all boats.

As Trump signed the executive order, he said these new accounts should receive bipartisan support, and they do among the general public. It’s common sense that the government should reward work, not punish it, and American Dream Accounts are a perfect encapsulation of that idea — reward work.

America’s workers are the unsung heroes who keep our country moving. Their industry, integrity, and ingenuity are the source of our nation’s strength. These new accounts extend an opportunity to every one of them to achieve their American Dream.

Jessica Anderson is a spokesperson for “Save, Match, Grow,” a campaign to educate workers about American Dream Accounts. She is also the President of Sentinel Action Fund.