Fact-check · Oct 6, 2026 · Donald Trump
“Over $45,000 more on average value”
FALSE
What the record shows
Fidelity reports 401(k) average balance increased from $131,700 (Q4 2024) to $146,400 (Q4 2025), a gain of $14,700. Vanguard reports year-end 2025 average of $167,970, representing approximately 13% growth from 2024.
The year-over-year increase in 401(k) average balances was approximately $14,700–$20,000, not over $45,000. The claim overstates the gain by more than double.
Sources
- 401k Statistics 2026
- The Average 401(k) Balance by Age in 2026
- Average 401(k) Balance by Age in 2026: How Do You Compare?
- Here’s the average 401(k) balance by age in 2026 — are you ahead or behind your fellow Americans?
- Average Retirement Savings by Age (2026, With Medians)
- Average 401(k) Balance by Age in 2026 (Vanguard, Fed SCF, EBRI Data)
From: President Trump Delivers Remarks, Oct. 6, 2026
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