According to a White House release on November 9, 2026, President Donald J. Trump discussed economic records during a 60 Minutes interview following the midterm elections. The White House reported that the average 401(k) balance reached a record $155,800, up 13.1% from a year earlier.
What the average 401(k) balance of $155,800 says about retirement savings
According to the White House, 401(k), 403(b), and IRA balances hit new highs in the second quarter of 2026. The White House stated that the average 401(k) balance reached a record $155,800, which is up 13.1% from a year earlier.
President Trump stated during the interview that 401(k)s have made people rich and are at their all-time high.
Job growth and corporate investments
The White House reported that the U.S. economy added 165,000 new jobs in October, with manufacturing adding 19,000 jobs. According to the White House, companies are investing heavily in America, including Apple with $600 billion and 20,000 new American hires.
The release also noted NVIDIA with up to $500 billion in American-made SI infrastructure and TSMC with $165 billion in foreign direct investment.
Key facts and where they come from
- The average 401(k) balance reached a record $155,800, representing a 13.1% increase from a year earlier.
the average 401(k) balance reaching a record $155,800 — up 13.1% from a year earlier.
- The U.S. economy added 165,000 new jobs in October.
The U.S. economy added 165,000 new jobs in October
The open question: How will future economic conditions impact the sustainability of these record-breaking 401(k) balances and job growth figures reported by the White House?
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