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Image of the Day: Trump Boosted Average 401(k) Accounts, Biden Reduced Them By $25,000

A comparison of average 401(k) account performance under Trump and Biden highlights shifts in retirement savings, inflation-adjusted values, and broader economic implications.

President Donald J. Trump boards Air Force One at Palm Beach International Airport in West Palm Beach, Florida

In a startling visual, our friends at Unleash Prosperity highlight something that has gone underreported to date:  The degree to which Americans’ average 401(k) plans have grown during both of President Trump’s terms, but fell by $25,000 under Joe Biden in inflation-adjusted terms.  Something to consider when Trump’s opponents attempt to claim that Americans suffer an “affordability” crisis under his leadership:

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Timothy H. Lee is Senior Vice President of legal and public affairs at the Center for Individual Freedom.

Reprinted with Permission from CFIF.org - By Timothy H. Lee

The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.

Topics EconomySocial Security
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