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\u2019s escalation of tariffs. <\/p>\n
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\nAs 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. <\/p>\n
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\nSome 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. <\/p>\n
\u201cI\u2019m 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,\u201d said Paula, 68, a former occupational health professional in New Jersey who retired three years ago. <\/p>\n
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.
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\n\u201cWhat we\u2019ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,\u201d Paula said Friday. \u201cI have no confidence here.\u201d <\/p>\n
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States\u2019 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%.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s escalation of tariffs. kra8 cc As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden …<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[980,895],"tags":[],"_links":{"self":[{"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/posts\/14971"}],"collection":[{"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/comments?post=14971"}],"version-history":[{"count":0,"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/posts\/14971\/revisions"}],"wp:attachment":[{"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/media?parent=14971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/categories?post=14971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amcred.co.ua\/uk\/wp-json\/wp\/v2\/tags?post=14971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}