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.
@realDonaldTrump/Truth Social
@realDonaldTrump/Truth Social
Ronald Grump the Muppet in 1988; Joe Pesci as Ronald Grump in 1994; Donald Grump in 2005PBS
PBS
PBS
