Fact-check · Oct 12, 2026 · Donald Trump
“Everybody's four zero one k is up almost $50,000 since his presidency.”
FALSE
What the record shows
Fidelity Investments data shows average 401(k) balance increase of $9,454 from Dec. 31, 2024 to March 31, 2026. No age group exceeded approximately $16,000 in gains.
Claim of $50,000 gain is roughly 5x higher than actual average gain of ~$9,500 documented by Fidelity across 25+ million accounts.
Sources
- The average 401(k) balance grew 11% in 2025
- The Average 401(k) Balance by Age in 2026
- The Average 401(k) Balance Grew 11% in 2025: Why This Rally Is Lowering Default Risks for Homeowners
- Average 401(k) Balance by Age in 2026: How Do You Compare?
- Fidelity: 401(k), 403(b) Balances See Double-Digit Growth for Third Consecutive Year
- The Average 401(k) Balance by Age and Generation Hit Record Highs in 2026
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