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Get Ready for Trump-flation
(prospect.org)
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this post was submitted on 08 Nov 2024
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politics
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It's obvious. But don't worry, MAGAs will find a way to blame it on Obama.
"It's the Democrats' fault because they let Trump win!"
"Millions of Americans said no let's not prevent a trump victory, so this is on them, folks!"
at this point, if i get to see them suffer, then whatever
Yeah no kidding. I have ample means to weather the economic shitstorm that his voters just ushered in, and I look forward to seeing every pro-Trump bum in my life wallow in it. That probably makes me a bad person, and it certainly revokes any “working class solidarity” credibility I ever had, but these people will never learn to help themselves and I don’t care anymore.
I'm worried about my retirement savings. I hope to retire in 10 years and if i lose too much in the next 5, i don't have much time to build back up. Are you moving money?
I mostly agree with ski11erboi’s response. I’m actually not overly concerned with market performance - I would be surprised if Trump’s handlers allowed him to do anything so destructive to their interests. But if you think the prices of gas and eggs are bad now, just wait until we have a mass deportation and tariffs on imported goods.
If there’s anything to be concerned about as you approach retirement, I’d put social security at the top of the list.
Yeah. Worried about having to dip into savings for monthly expenses. I'm in Texas, so energy costs are always a concern. As you mentioned, concerned about delays and decreases in social security and Medicare in the future. I guess I'll leave money where it is, try to reduce spending, and try to increase liquid savings.
I've been telling myself that those of us with retirement savings will be fine. I actually think the market will thrive. Isn't that's the true goal of the republican party? But the people living paycheck to paycheck without any form of savings or investments, who happen to be the ones that voted him back into office, are screwed.
At least that's what I'm telling myself.