Fact Check: Are typical 401(k) accounts up almost $30,000 during Trump’s second term?

Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.


Claimant: Donald Trump (R)


Claim: In the past 13 months, “The typical 401(k) … is up almost $30,000.”


Rating: MOSTLY FALSE


Explanation: The stock market rose during Trump’s second term, but Fidelity data showed average 401(k) balances increased by about $9,454, far below Trump’s $30,000 figure. No age group saw an increase beyond about $16,000.


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Date: 07/01/2026


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Last Updated on July 1, 2026 by Media Bias Fact Check