Published • loading... • Updated
Fact Check: President Trump's Claims on Building Personal Wealth
Fact-checkers found some of Trump's claims on stock gains and gas prices accurate but noted overstated figures on gas costs and Trump Account growth projections.
- On Tuesday, President Donald Trump used his State of the Union to claim that accounts could grow to $100,000 or more by age 18, with analysis showing a $1,000 investment could reach about $5,559.92 over 18 years.
- Earlier this year, the Trump Account was introduced to deposit $1,000 into accounts for children born between 2025 and 2028, prompting fact-checkers to examine claims from the State of the Union, Tuesday.
- Hearst's Get the Facts Data Team modeled the $1,000 seed at 10% over 18 years, which would grow to around $5,559.92, and PolitiFact noted $9,000 contributions still fall short of $100K.
- Fact-Checkers found no states with averages at or below $2.30; Oklahoma is at $2.37, and only 6 to 8 stations out of 150,000 offer gas at $1.99, according to PolitiFact.
- Hearst's National Investigative Unit counted 52 S&P 500 record highs since the election, while President Trump said `The stock market has set 53 all-time record highs since the election`.
Insights by Ground AI
19 Articles
19 Articles
In his speech on the state of the Union, Donald Trump claimed that the US economy was now "more roaring than ever." Reality does not confirm, but the gap justifies the authoritarian forward flight of the White House master.
·Paris, France
Read Full ArticleCoverage Details
Total News Sources19
Leaning Left1Leaning Right0Center18Last UpdatedBias Distribution95% Center
Bias Distribution
- 95% of the sources are Center
95% Center
C 95%
Factuality
To view factuality data please Upgrade to Premium






