Fact-check · Sep 28, 2026 · Donald Trump
“You're up double. In one year.”
FALSE
What the record shows
Fidelity reports average 401(k) balances rose 11% in 2025 and 9% year-over-year as of Nov 2025. S&P 500 returned 16.39% in 2025 and 13.47% YTD through Sep 2026. None approach 100% ('double').
Sources
- The average 401(k) balance grew 11% in 2025 | CNN Business
- Q2 2025 Retirement analysis | About Fidelity
- Average 401(k) Return: What You Can Expect
- Average 401(k), IRA balances hit record highs amid 2025's market gains
- Average 401(k) Return: What's a Good Rate of Return? | SoFi
- 401(k) Rate of Return: What to Expect for Your Future — Farther
From: President Trump Makes an Announcement, Sep. 28, 2026
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