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Trump’s $30K 401(k) Claim Mostly False, Study Shows $9.5K Rise

6/29/2026

24 5 Full Breakdown

Summary

Story summary

President Donald Trump claimed a 401(k) balance rose by nearly $30,000 in 13 months at a speech at a plant in Macungie, Pennsylvania.
Fidelity’s analysis of 26,000 401(k) plans showed the balance grew $9,454 between Dec. 31 2024 and Mar. 31 2026, about one-third of the claim.
PolitiFact rated the statement Mostly False after noting that 401(k) gains are limited by asset allocations and hardship withdrawals rose to about 6% in 2025.

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Story summary

President Donald Trump claimed a 401(k) balance rose by nearly $30,000 in 13 months at a speech at a plant in Macungie, Pennsylvania.
Fidelity’s analysis of 26,000 401(k) plans showed the balance grew $9,454 between Dec. 31 2024 and Mar. 31 2026, about one-third of the claim.
PolitiFact rated the statement Mostly False after noting that 401(k) gains are limited by asset allocations and hardship withdrawals rose to about 6% in 2025.