this post was submitted on 06 Apr 2025
134 points (99.3% liked)

Economics

718 readers
76 users here now

founded 2 years ago
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 30 points 4 days ago (9 children)

Good. These dumbasses mostly voted for this, and they're getting their reward.

load more comments (6 replies)