Does the number of 401K millionaires rising almost 20% in the second quarter 0f 2026 mean that President Trump's policies are working?

[exitseven]

The strong stock market performance as well as full employment, wage growth and economic stability are all factors in this figure.

[BonzoInBitburg]

Institutional investors are selling. Warren Buffet and hedge fund managers are sitting on a pile of cash waiting for buying opportunities instead of buying into the stock market rally. That alone should tell you that this is a bubble more than policy driven.

The stock market is being driven by retail investors and is rising on low volume. When institutional investors are selling more than are buying its a good indication that stocks are overbought and due for a correction. But overall, the markets are normal and fairly healthy with a only few small cracks forming.

[strateguy632]

yes he helped those who work. i am grateful. the middle class is improved not 'failing' except in nyc mamdani rent freeze caused middle class owner failing.

[Beckybooboo]

I know my dad has a 401k and has an "undisclosed" amount of money in it lol He works for the state of Florida and actually had to choose between a state pension or a 401k like 30 years ago! He chose the 401k and had it matched by the state. I guess he's doing pretty good. He plans on retiring early but I want him to make more 💰

[exitseven]

I got no choice in my State. I think I would have made out better if I could have invested the money myself but it is what it is.
There are plenty of retirees that try to make it on just social security.

[Beckybooboo]

And with a 401k, if God forbid, a death occurs, the family is entitled to the full sum of money. With a pension, sometimes it is reduced. My daddy ain't no dummy lol

[exitseven]

@Beckybooboo yes, when I die my wife only gets 2/3 of my pension.

[Twodogs0525]

When I had my first job, I joined. I was in it for a year and a half, then switched jobs. I put in 50 dollars a week, under high risk, and my last statement shows I currently have close to 9000 dollars. Not a bad return! And I'm still making money.

[jshm2]

lol, the opposite.

Those are meaningless, as they are inflated by the stock market bubble. When it comes to cashing them out, they will get nothing.

Employment is down, Trump has cooked the books like the felon he is. Wages are going down, not up, and "stability" is a word Trump can't even spell.

[OlderAndWiser]

People on the left would say that it is proof of the disparity in wealth in this country and would jusitify having a socialist wealth re-distribution scheme imposed.

[fishbone77]

As one of the 401k millionaires, I approve this message.

[NathanDavis]

did you know all the 401K's are going to Elon's... lol

[exitseven]

No, they are mostly middle class people. Mist are Gen X

[NathanDavis]

that's not what I meant..

when you put all of that money into 401K... those companies take your money and invest it

and, after June/July of this year, these companies are not going to invest YOUR money... they are going to give it to Elon Musk, so he can waste it on AI grok and other toys

[Twodogs0525]

My dad retired early on it, so, I guess it wasn't "Elon's money". My dad has been in it since the early 90's lol

[DryGermanGuy]

No, it means rich people are getting richer. What a total surprise.

[Twodogs0525]

Are you another American living in Germany? It's a legit question. Are you saying only rich people are in 401k? Please, explain.

[exitseven]

these people are not rich. They are middle class workers who are disciplined and save money every week. The wealth comes from economic growth and corporate earnings. All metrics that America First policies are designed to enhance.

[DryGermanGuy]

@Twodogs0525
I am a German living in Germany. Of course many people have 401ks, but as with every financial instrument, rich people profit much more from it, than the working poor or even the average employee.

[Twodogs0525]

@DryGermanGuy How?

[Twodogs0525]

I also have an idea of what your reply is going to be.

[DryGermanGuy]

What's your confusion, exactly? How are people living paycheck to paycheck paying into 401k? How many employers contribute little to nothing to the 401ks?

[exitseven]

@Twodogs0525 I live in the US and I am not rich by any stretch of th imagination. I have been putting money into my 401K for over 25 years. Some years were better than others but now I can count myself as one of the 401K millionaires.

[Twodogs0525]

Most companies match their employee's contribution. Even if they don't, they're still making money! Are most living "paycheck to paycheck" in Germany?

[Twodogs0525]

@DryGermanGuy Are you telling me people in Germany have a 401k? Just to be clear!

[DryGermanGuy]

@Twodogs0525
We don't have a working poor underclass that has to rely on tips to survive, to begin with.
And our pension systems work differently, so no equivalent of 401k, no.

[Twodogs0525]

Do you really want to compare our "poor underclass that has to rely on tips to survive" to your's? Seriously?

[DryGermanGuy]

You missed the point completely, congratulations. But vote all blue in November and in 2028, at least then there is a chance to improve things for you.

[Twodogs0525]

Yeah, because your economy is rocking! Lol I think I'll be okay if I vote RED..

[888theGreat]

at the cost of a disappearing middle class. Poverty has never been higher. Working poor has never been higher. Food insecurity never has been higher.

[888theGreat]

70% of Americans say no. What is 401,000 compared to 400, 000,000 people? Means to 10%. The top 10% own everything.. They on 87% of all stocks.

[Twodogs0525]

I honestly believe most people have NO fucking clue what a "401k" is! Maybe they've never had a job? I don't know!

[Anonymous]

Indicates a failing middle class and the increased concentration of wealth

[exitseven]

The majority of these millionaires are middle class wage earners.

[Opinion Owner]

$1 million in 1970 has the same purchasing power as approximately $8,606,134 in 2026.

Due to an average inflation rate of 3.92% per year over those 56 years, overall prices have increased by 721.01%. This means what cost $1 million back then costs over $8.6 million now.

Being a millionaire doesn't mean what it used to. Technically im a millionaire myself.

[exitseven]

I know, I used to think a million dollars would be enough to retire on. Now maybe 3 million would be more like it.

[Opinion Owner]

$3 million for starters. Im not going to retire until very late.
I used to think 60 maybe.

[AviatorTom]

Let's just say I know a few. 😎

[LiamS95]

Most likely

[Iron_Man]

Yes…

[midnightmoon05]

Yes.