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Americansnearingretirementandrecentretireessaidtheywereanxiousandfrustratedfollowingaseconddayofmarketturmoilthathittheir401(k)safterPresidentDonaldTrump’sescalationoftariffs.kra25ссAstheimpendingtariffsshooktheglobaleconomyFriday,peoplewhowereplanningontheirretirementaccountstocarrythemthroughtheirgoldenyearssaidtheeconomicchaoswashittingtooclosetohome.kra8Somesaidtheyarepausingbig-ticketpurchasesandreconsideringhomerenovations,whileotherssaidtheyfeartheirqualityoflifewillbeadverselyaffectedbyalltheturmoil.“I’mjustkindofstunned,andwithsomuchmoneyinthemarket,wejustsortofhavetohopewehaveenoughtimetorecover,”saidPaula,68,aformeroccupationalhealthprofessionalinNewJerseywhoretiredthreeyearsago.Paula,whospokeontheconditionofanonymitybecauseshefearedretaliationforspeakingoutagainstTrumpadministrationpolicies,saidshewasworriedaboutwhatliesahead.https://kra28-cc.com“Whatwe’vebeendoingistryingtoenjoythetimethatwehave,butyouwanttobeabletomakeitlast,”PaulasaidFriday.“Ihavenoconfidencehere.”Trumpfulfilledhiscampaignpromisethisweektounleashsweepingtariffs,includingontheUnitedStates’largesttradingpartners,inamovethathassparkedfearsofaglobaltradewar.Thedecisionsentthestockmarketspinning.OnFridayafternoon,thebroad-basedS&P500closeddown6%,thetech-heavyNasdaqdropped5.8%,andtheDowJonesIndustrialAveragefellmorethan2,200points,orabout5.5%. |
