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

Hassett offered a glimpse of the proposal, suggesting a system where equity from a home could be reinvested into a 401(k). "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," Hassett said on Fox Business.

The White House has not yet released details regarding the plan's specifics, including potential tax implications. Currently, withdrawals from retirement accounts are typically subject to fees and taxes. This proposal arrives amidst growing concerns about housing affordability and public sentiment regarding the administration's economic policies. Home affordability remains a significant concern for many Americans.

The anticipated 401(k) plan is the latest in a series of housing affordability proposals from the Trump administration. The plan's potential impact on the housing market and retirement savings remains to be seen. Further details are expected when Trump presents the "final plan" at the Davos World Economic Forum.