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.

      • sunzu2
        0•12 days ago

        There are a lot of innocent people getting fucked here.

        But has anyone thought about these people’s property?!

        Young people got nothing but they are supposed to be worried about old clowns 401ks 🤡

        • @[email protected]English
          0•12 days ago

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

          • sunzu2
            0•12 days ago

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

            But I agree with you

      • @[email protected]
        0•12 days ago

        I feel bad for the children who aren’t old enough to do anything about it, but Trump is the symptom not the disease, which has been metastasizing as long as I’ve been alive.

      • FlashMobOfOne
        0•12 days ago

        Exactly.

        But try hammering that through a partisan’s skull. Very difficult.

    • sj_zero
      0•13 days ago

      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.

      • @[email protected]English
        0•13 days ago

        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