Fact-check · Sep 28, 2026 · Donald Trump
“Your four zero one k is double”
FALSESaid in 4 broadcasts
What the record shows
Fidelity reports average 401(k) balances grew 11% in 2025; Vanguard median grew 16%. Five-year growth: 20%. Ten-year growth: 66% above 2015 levels. No period shows 100% doubling.
Sources
- The average 401(k) balance: See how you compare and learn how to stay on track for retirement
- 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 | Internal Revenue Service
- 401(k) Balances, Hardship Withdrawals Both Increase in 2025
- Understanding 401(k) Contribution Limits: 2025-2026 | SoFi
- Double-Digit Growth Again for 401(k), 403(b) Balances | PLANSPONSOR
- 401(k) Contribution Limits: 2024, 2025, and 2026
From: President Trump Makes an Announcement, Sep. 28, 2026
Every time it was said
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