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.

  • Monstrosity@lemm.ee
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    2 days ago

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

    • sunzu2@thebrainbin.org
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      2 days ago

      You are commenting under a fake news article pearl clutching about boomers 401k

      But I agree with you