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.
Actually, boomers are mostly leftist. It’s the young who are really flocking to the right these days.
The boomers voted Republican for more tax cuts during their prime earning years, but now they’re all collecting government benefits so they’re Democrats again. It was their biggest voting bloc in the last election.
It’s actually the case around the world that the youth, and particularly young men, are shifting hard right.
Looking at the exit polling, it’s pretty split with the 65+ crowd. Democrats lost a lot of young voters, but still have the majority of the youth.
2016 by comparison
You’re underestimating that generation’s ability to hate non-white people. A lot of them care about that hatred enough to sabotage themselves in other ways.