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Trump’s first State of the Union highlights economy – but what’s the real state of the American wallet?

January 31, 2018

President Donald Trump’s first State of the Union speech highlighted the soaring stock market and rock bottom unemployment.

With consumer confidence at a 17-year high and employees bragging about their 401(k) balances on social media, Trump sounded an upbeat note on the economy. “The stock market has smashed one record after another, gaining $8 trillion in value. That is great news for Americans’ 401k, retirement, pension, and college savings accounts,” Trump said.

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