Economics
Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- New campaign slogan celebrates growth of stock market
- Only 45 percent of private-sector workers have 401(k) plans
The Biggest Retirement Mistake People Make
This article is for subscribers only.
President Donald Trump is trying out a new campaign slogan: “How’s your 401(k) doing?” The answer for more than half of Americans is that they don’t have one.
Trump has tested out the line this month at a fundraiser, a campaign rally and in a White House meeting, predicting that the rising U.S. stock market will help him win re-election. But only about 45 percent of private-sector workers participate in any employer-sponsored retirement plan, and the lower-income workers in Trump’s political base are the least likely to hold money in such an account, according to the Government Accountability Office.