Fact-checking Trump's claims about 401(k) gains during his second term

Fidelity Investments data shows that during the majority of Trump’s second term, average 401(k) account balances have risen by $9,454, or about one-third of the $30,000 figure Trump cited.

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This article originally appeared on PolitiFact.

President Donald Trump has often talked up the stock market's rise during his second term, saying increases in 401(k) retirement plan balances have made Americans wealthier.

During a June 23 speech at a Mack truck plant in Macungie, Pennsylvania, Trump said, "The typical 401(k), as you know, is up almost $30,000 in … 13 months."

He's made similar points going back to his Feb. 24 State of the Union address.

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