Retirement balances are up, but more workers took hardship withdrawals
U.S. President Donald Trump delivers the State of the Union address on Feb. 24, 2026, in Washington, D.C. Kenny Holston-Pool/Getty Images In his State of the Union address, President Donald Trump said “your 401(k)s are way up” — and they are, but hardship withdrawals are also up, new data shows. “Since I took office, the typical 401(k) balance…