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.

  • gadfly1999@lemm.eeEnglish
    4·
    3 days ago

    Enough people voted for this, or didn’t vote against it. Maybe if they get what they wanted then they’ll realize it was a bad idea. Or maybe they won’t and we can all suffer for it.

    • FlashMobOfOne@lemmy.world
      14·
      3 days ago

      I think the last 40 years has demonstrated that partisan voters, regardless of team color, never learn anything important.

      I’m also 100% sure performative cruelty is going to set back Democrats, because at the end of the day, you need those votes.

      • gadfly1999@lemm.eeEnglish
        3·
        3 days ago

        I mean sure blame “partisan voters” all you want but fully a third of the present blame can be placed on those who sat this one out. If you can count on Americans for anything you can count on them to be stupid and apathetic.

        Also you can see Dems planting the seeds for their future losses in how they just rolled over on the latest budget fight. They don’t deserve to win just for showing up and being “not Trump” they need to give people a reason to vote for them.