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US Politics

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

NBC News
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75% Informative

Americans nearing retirement and recent retirees say they are anxious and frustrated following a second day of market turmoil.

Some said they are pausing big-ticket purchases and reconsidering home renovations.

Trump 's tariffs are steeper and more widespread than any in modern American history.

The president has acknowledged the potential pain coming to some Americans ’ wallets, but he continues to staunchly defend his agenda.

Fettes said he has been calling his representatives about the tariffs and other issues “to make sure that as a constituent, our voices are being heard” Paula said she and her husband continue to monitor their retirement accounts.

“That’s my big worry, when is that shortfall going to happen now?”.

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