President Donald Trump is expected to unveil a plan allowing Americans to use retirement savings for home down payments. The announcement is slated for the World Economic Forum in Davos next week, according to National Economic Council Director Kevin Hassett.

Hassett hinted at the proposal on Friday, offering a hypothetical scenario on Fox Business. "Suppose that you put 10 down on a home, and then you take 10 of the equity of the home and put it in as an asset in your 401(k). Then your 401(k) will grow over time," he said. The specifics of how withdrawals from 401(k)s would function remain unclear.

The White House did not immediately respond to requests for comment regarding the proposal, including details on potential tax implications. Currently, employees typically face fees and taxes when withdrawing funds from retirement accounts.

This anticipated 401(k) plan arrives amid growing public concern regarding the administration's handling of the economy and a series of recent housing affordability proposals. Home affordability remains a significant concern for many Americans.

The plan's potential impact on both the housing market and individual retirement savings is yet to be fully understood. The details of the "final plan" are expected to be revealed by Trump at the Davos World Economic Forum.