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.
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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.
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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://at-kra29.cc
“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%.
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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.
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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.
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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://at-kra29.cc
“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%.
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Another sweltering night here, the kind where
the air itself feels like it’s weighing you down. I found myself
logged into sportsbook again. It’s usually my after-dark refuge when the
heat finally subsides.
Honestly, lately, the wins have been few and far between.
My balance is looking precariously small, and I’m starting to sweat more
about the wife finding out than the actual games.
She’s been giving me that look, you know?
My so-called ‘mate’ – the one who’s always sticking close,
practically looking over my shoulder – he’s always on here
too. And the infuriating thing? He’s constantly on a lucky streak.
Slots like slot_game_1 and slot_game_2, even that crazy aviator_game where
the plane flies off with all your hopes. He even brags
about his wins on slot_game_3 and slot_game_4.
It’s like this place is has a soft spot for him. Makes you wonder, doesn’t it?
Especially with the way he looks at my wife when she’s not looking.
Makes a man suspicious, this heat does.
Despite all that, and maybe it’s just addiction, I still find myself drawn to favorite_slot_game.
There’s something about those sugary treats that keeps me clicking, even when the numbers aren’t falling my way.
Maybe tonight will be different. Maybe the desert gods will finally throw me a
bone. Or maybe my wife will just throw me out.
Either way, here I am, spinning again at casino.
Pros:
Available 24/7 (perfect for my nocturnal habits)
Wide variety of games (even if some seem to favor certain people)
They do have favorite_slot_game, which I genuinely enjoy
Cons:
My personal luck here has been incredibly bad
Seeing him win constantly is incredibly frustrating
Starting to seriously impact my finances at home and relationships
Overall: Divided. It’s a simple method to pass the hot evenings, but my recent experiences and observations are making me seriously question if it’s worth the risk.
Especially with everything else going on.
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