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Trump Roasted After Asking How Everyone's '409Ks' Are Doing While Bragging About The Economy

Trump Roasted After Asking How Everyone's '409Ks' Are Doing While Bragging About The Economy
Nicholas Kamm/AFP via Getty Images; @gregpinelo/Twitter
Amelia Mavis Christnot
By Amelia Mavis ChristnotJan 13, 2020
Amelia Mavis Christnot

Amelia is an Oglala Lakȟóta of the Očhéthi Šakówiŋ, Kanien'kehá:ka of the Haudenosaunee and Métis Navy brat who settled in the wilds of Northern Maine. A member of the Indigenous Journalists Association, she considers herself another proud Maineiac.

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On Thursday, President Donald Trump took to Twitter to once again boast about the economy.

However the Wharton School of Business graduate appeared unfamiliar with one of the most common retirement planning products: the 401K.

Trump tweeted:

"STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 409K'S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?"

@realDonaldTrump/Twitter

The tweet sounded like someone shilling investment advice. But if your financial planner mentioned your 409K, you would probably take your money elsewhere.

People quickly picked up on the President's latest fumble.












But that's not all Trump got wrong.

Even after deleting and retweeting a corrected version, there were issues.






A soaring stock market doesn't translate to increased wages or wealth for most people.

Just like great job numbers mean little when people have two to three jobs but still struggle to pay bills due to poverty wages.

The book A Trump Diary: How I Suffered Through the Bull$%#&, Talked Myself Down, and Survived the First Year of the Apocalypse is available here.

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