From the Wall Street Journal. Select quotes, rearranged for maximum irony:
The average 401(k) balance was $131,700 at the end of 2024.
“What’s more important to me than having a few extra dollars in my retirement is that this country is set up for success,” Paris said.
The couple have lost $70,000 in retirement savings since January.
“He’s doing some hard work, some things that are very difficult for people to understand and difficult for people to accept,” Williams said, “but it’ll be to our long-term benefit.”
Meanwhile, the share of Americans who haven’t retired and are confident in their retirement prospects fell to 67% from 74% the prior year.
She said she takes solace in the fact that Trump is surrounded by a cabinet full of handpicked experts whose advice she thinks could help avoid further losses.
I sold off all my stocks and etfs, but my 401k is still there and is STRUGGLING. It wasn’t much to begin with but damn it’s getting fucked both ways and back
Mine has wiped nearly 6 months of growth. And it’s fairly diversified.
Since he won the election in November, in spite of putting in over $1k with employer match every month my balance has actually gone down. This is fucked up.