- cross-posted to:
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- cross-posted to:
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- [email protected]
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.
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Good. These dumbasses mostly voted for this, and they’re getting their reward.
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.
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
That’s an inaccurate generalization. The more likely scenario is that only about half of the people affected voted for Trump. There are a lot of innocent people getting fucked here.
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 🤡
The idea is the People unite against the Oligarchs, unless you enjoy bickering about crumbs, which you appear eager to do.
You are commenting under a fake news article pearl clutching about boomers 401k
But I agree with you
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.
Exactly.
But try hammering that through a partisan’s skull. Very difficult.
This is an awful way to think.
You should want people to not be impoverished regardless of who they voted for.
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.
Actions have consequences. And these lead addled limp dick obsoletes have dodged the consequences of their actions for 6 or 7 too many decades.
I want anyone who voted trump to suffer the way they want my trans kids to suffer.
You can fuck off with your high horse dogshit.
I appreciate your opinion, but even out of your own self-interest, you should want people to be living above the poverty line.
Part of what strengthened Fascism and Nazism is extreme poverty, so it’s shortsighted and silly to root for this. Poverty makes fascism worse for everyone, including your trans kids.
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.
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.
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.
