Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

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Yeah. So, let's say manufacturing can come back to America. What do you think the billionaires will do? Will they invest in capital (robotic workers) or labor (hiring people). If you answered "hiring people" I've got some swampland in Florida to sell you!

Not a chance. America's dominance in the world just ended. trump has promoted China to be the most powerful nation. Thanks, "Mr. President"!
They are already filling in the USAID that we have abandon, winning the hearts and minds of the African nations and South American nations.
 
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.

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.

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.

“I looked at my 401(k) this morning and in the last two days that’s lost $58,000. That’s stressful,” said Victor Fettes, 54, of Georgia, who retired last week as a senior director of risk management and compliance at Verizon. “If that continues, I can’t stay retired.”

Tiresome ignorance. :palm:
 
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