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.

  • Beetschnapps@lemmy.world
    6·
    3 days ago

    NO.

    Their votes make the current world worse.

    You should want people to not be impoverished, hence advocate against them voting for impoverishment. Stupidity voting stupidly is bad, you saying “but regardless….” Is actually worse…

    “Let people vote stupidly; you should let them…” is the dumbest possible take.