Presidential candidate Sen. Hilary Clinton (D-N.Y.) on Tuesday proposed government-sponsored 401(k)s that she called American Retirement Accounts, in which people could invest up to $5,000 a year, the Associated Press reports.

For those earning less than $60,000 a year, the government would match the first $1,000 and for those earning between $60,000 and $100,000 a year, the government would match 50% of the first $1,000.

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