Some are changing their spending habits while others are worried about their future quality of life.

Summary

Americans nearing or entering retirement are alarmed as Trump’s sweeping tariffs trigger stock market turmoil, shrinking 401(k) savings. The Dow dropped over 2,200 points Friday, with the S&P 500 and Nasdaq also falling sharply.

Retirees report losses up to $58,000 and are delaying major purchases. Critics warn the tariffs could spark a global trade war and worsen economic insecurity.

Many retirees fear declining consumer confidence, unstable finances, and a diminished quality of life as their savings evaporate.

  • sunzu2@thebrainbin.org
    0·
    10 days ago

    There are a lot of innocent people getting fucked here.

    But has anyone thought about these people’s property?!

    Young people got nothing but they are supposed to be worried about old clowns 401ks 🤡

    • Monstrosity@lemm.eeEnglish
      0·
      10 days ago

      The idea is the People unite against the Oligarchs, unless you enjoy bickering about crumbs, which you appear eager to do.