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310770 comments
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Donaldrit
Wednesday, 09 April 2025 13:16
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Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.
kraken32 at
As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.
kra35
Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.
“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.
Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.
https://krak12.net
“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%. -
Thomas William Robinson
Wednesday, 09 April 2025 13:16
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Thinking about a loan against your home to consolidate your debts? Explore your choices and see what solutions may be available to you.
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Oliver Jane Robinson
Wednesday, 09 April 2025 13:16
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Considering releasing equity from your home? Review top lenders and learn about your rights and obligations before making a decision.
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Sophie Turner
Wednesday, 09 April 2025 13:16
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Not sure if a secured loan is right for you? Explore the benefits, such as more favourable terms and increased flexibility.
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Emily Smith
Wednesday, 09 April 2025 13:16
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Not sure if a secured loan is right for you? Understand the benefits, such as more favourable terms and increased flexibility.
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Sophie Henry Wood
Wednesday, 09 April 2025 13:16
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Equity release solutions may provide the financial support you’ve been needing. Learn how to use the equity tied up in your home without having to downsize.
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Jessica Anne Smith
Wednesday, 09 April 2025 13:15
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Thinking about a loan against your home to consolidate your debts? Explore your choices and check what solutions may be available to you.
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Amelia Williams
Wednesday, 09 April 2025 13:15
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Uncertain whether a secured loan is right for you? Understand the benefits, such as more favourable terms and increased flexibility.
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Harry Robinson
Wednesday, 09 April 2025 13:15
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Thinking about a secured loan to consolidate your debts? Find out more and check what options may be available to you.
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Noah Brown
Wednesday, 09 April 2025 13:15
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Considering releasing equity from your home? Review top lenders and understand your financial responsibilities before making a decision.
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