Is there a provident fund in the United States, Zhihu

Housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their employees. The housing accumulation fund system is actually a housing security system and a form of monetization of housing distribution. The housing accumulation fund system is an important social security system for housing stipulated by national laws, which is mandatory, mutually supportive and guaranteed. Units and individual employees must fulfill their obligations to pay housing provident fund according to law. The housing provident fund paid by individual employees and the housing provident fund paid by the unit shall be stored in special accounts and owned by individual employees. So China has a housing provident fund.

The United States mainly uses its developed domestic securities market and advanced market economy development concept to deal with the housing security problem of domestic residents. In addition to learning from and absorbing the essence of housing welfare policy, the American government mainly uses the convenience provided by its developed domestic capital market and securities market to innovate and develop housing mortgage loans and other forms to provide financial conditions and platforms for its residents to buy their own houses. At the same time, the US government can also take this opportunity to stimulate its economic and social development. In addition, the U.S. government also actively encourages non-governmental organizations to actively purchase houses through financial means, such as offering various financial policy concessions, including lowering interest rates or exempting some residents from income tax, and subsidizing low-and middle-income groups to purchase houses. Even for some special groups, such as the elderly and the disabled, a larger housing subsidy policy has been stipulated.