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.
I am thinking we haven’t seen anything yet on this one. This one could decrease the total value on the exchanges by 75% or better.
If the orange cheeto doesn’t reverse course, massive layoffs will begin in 2-3 months as companies run out of cash.
The great depression was so deep and long because they thought tariffs would help them get out of it. Surprise, it didn’t work.