Don't let them fool u by saying that this is just a correction. A correction needs a catalyst. The catalyst here is the tarriff. Trump created this mess. Rise up. Fight.
this post was submitted on 05 Apr 2025
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You keep saying retirees when I think you mean future walmart door greeters.
oh that reminds me, our local old lady Walmart greeter passed away 😔
R.I.P. Ms Wendy
Well, if you voted for these dumbasses and are now pikachu over how idiotic they actually are....hard to feel sorry for you.
BTW, if you say "I didn't vote for that"......YES YOU DID. It's not like donvict was quiet about his love for tariffs.
I mean, I know quite a few retirees who actively voted for his opponent. So I wouldn't feel right saying that THEY voted for it, no? However, around my area, they definitely are a minority in their age group, so I think statistically speaking you are probably going to be right most of the time.
Oh, of course. I don't think anyone DESERVES to live in destitution - and this is probably where progressives like me get made fun of, but it's just how I was raised - even if they voted for donvict.
My lizard brain immediately wants to condemn people that were told not to vote against their own interest, but did anyway because of their hate of wokeness and DEI or whatever the hell. However, though I do rant here and elsewhere, I ultimately have compassion for people, even if it's from their own actions...
As for those that voted against donvict, of course they don't deserve it, though I know it's now quite fashionable to dunk on "boomers" as if they are some monolithic block and that means every single one of them, to a person has caused the Republicans to get worse and worse. Personally, I believe this thinking is goaded on by elites, because it only divides us further...in addition to racism, xenophobia, transphobia, if you can whip up the various age groups and pit them against one another, you can sit back and count your money and be comforted in the notion that few people will cop to the reality...
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Retirees 'idiots' as they keep savings they need to live in volatile asset classes such as stocks.
Seriously I was scanning the comments to find anyone mentioning this. It's insane to leave your funds in stocks if you're retired or close to retirement. That should have been shifted to bonds or other stable investments years ago.
Boomers lived their entire lives failing upwards. Why wouldn't they expect things to just go their way?
But it's so worth it when you remember that he ended all that DEI stuff and stopped those two trans kids from playing women's sports.
Over two trillion has been wiped out. That's one trillion dollars per trans kid.
Is America great again yet?
Since inauguration it's $11 trillion.
Okay, now do it in Count von Count's voice.
Toooo manie trillyon. Ha ha ha
For a trillion dollars I'll stop playing any sport you want.
Don't be a sucker. I'll continue not playing any sports for $999B
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So, y'all freaking out because boomers are losing money?
What?
Some millennials have 401ks
Got what they voted for, didn't like it? I'm shocked.
You think all the people with 401(k)s voted for Trump? I'm curious as to what leads you to that conclusion?
The elderly vote mostly conservative. This is a known fact.
From what I've read, 65+ was about evenly split Harris-Trump in 2024. 40-64 broke decidedly Trump. If the markets (and 401ks) manage to bounce back by the time the 40-64 cohort largely enters retirement, I fully expect they will have learned absolutely nothing.
I'm not convinced we will have the market in 20 years.
Lol, I rolled my 401k to an IRA as part of a actively managed fidelity fund right after Trump got inaugurated. If I hadn't I would be down about 150k, instead I'm up 35k already, and that was after cashing out just below all time high.
That said,I decided to ride it out in my fuck around E-Trade account. I went from being up 25k on jan 1st to being down 9k today.
Trump's 'plan' is to crash the market so that people with large reserves of cash can buy at all time low. Then he'll back pedal his bullshit and things will go up, so they'll sell. It's not going to go back up to what it was before his watch, at least not with him around. People who don't have the cash reserves/appetite to buy in a recession will get fucked, and that's most people in the country
Yeah but you can't just say "ok the plan worked, tariffs are off now" and expect the rest of the world to be chill about that. It's too late to backpedal.
If the rest of the world turns on the US then that's also a win because Krasnov is a Russian asset and part of why Russia and China worked so hard to get him elected was to destabilize the US and remove them as the world leader so China can step in
I really don't think this is part of some grander plan. I think he really thinks blanket tariffs are a good idea.
Tariff man is an idiot.
It’s almost like this is exactly what we warned them would happen.
People at or near retirement age should have a 401k invested in more safe funds with a higher mix of bonds. Why would they have such a high proportion of stocks that a drop in the stock market would impact their spending habits?
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That’s the best part. The baby boomers created this shit and now they can’t retire. Good for them!
So, all of boomers created this?
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