160 upvotes, 19 direct replies (showing 19)
View submission: Thoughts on trump’s economy?
I did not vote for this man. However, I will share that my fiancé’s parents were ADAMANT about voting for him because “he’d be better for their 401k’s and they want to retire in the next 4 years.” We tried for almost a full year to educate them on how wrong they were, how it was probably just their own mismanagement of their profiles because Biden had some of the highest stock market gains of any president, and they refused to listen. This weekend, we went out to lunch with them where they had completely flipped. The same people who called my fiancé (their only child) a “snowflake, stupid elitist, who was too sensitive” over political talks, suddenly were livid that not only were their 401k’s taking a nose dive, but their social security had been docked and his dad was unable to start claiming his VA benefits (he’s a veteran). They’re panicking. And they’re even more pissed about DOGE/Elon Musk being at the center of all of the chaos.
My personal, anecdotal opinion is the average American has no clue how the stock market or their 401k’s work, and they bought into the lie that some how, Trump would be good for them because he’s a “business man,” but they didn’t realize that that messaging was for *billionaires*, not the average American. I, honestly, feel bad for all of the people that have been hoodwinked. My fiancé and I are not in the position to be able to take care of them when all of this hits the fan. They’re going to be on their own, now without all of the social safety nets that would’ve normally saved them pre-Trump. And I know your original question was geared toward GenZ (which my fiancé and I both are older GenZ), but I think what I’m seeing with my soon to be in-laws are what a lot of GenZ are going through now. They just didn’t have the education or experience to understand the moment they were in, and now we all get to sink with the ship.
Comment by wildcatwoody at 10/03/2025 at 21:56 UTC
61 upvotes, 3 direct replies
Please laugh in their face
Comment by ZylonBane at 10/03/2025 at 20:20 UTC*
13 upvotes, 1 direct replies
antidotal
r/BoneAppleTea
EDIT: Lol, babycakes here blocked me.
Comment by rhayhay at 10/03/2025 at 21:34 UTC
7 upvotes, 0 direct replies
This story made me feel better. Thanks
Comment by shadesofnavy at 10/03/2025 at 23:06 UTC
6 upvotes, 1 direct replies
If they think their portfolios have taken a nosedive now they're going to be in for a very rude awakening it there's a real crash. 25-50% drops are real, and if that happens right before retirement that's 25-50% of everything you spent 40 years saving. Big crashes can take 10 years to recover fully, and that's a long delay on retirement. You really should only be all in on stocks, even index funds, if you're willing to wait for a 10+ year recovery.
The one silver lining is that macroeconomics are very complex and hard to predict and even a moron at the helm can't singlehandedly crash the ship. It usually takes several things going wrong at the same time (which of course is possible, but it's also possible that a bunch of things go right at the same time as Trump going through this stupid tarrif frenzy).
Comment by proudboiler at 10/03/2025 at 21:48 UTC
3 upvotes, 0 direct replies
This is the exact same sentiment i have.
Comment by JealousAwareness3100 at 10/03/2025 at 23:28 UTC
1 upvotes, 1 direct replies
I *so*, *so* have no sympathy for your in-laws. May they majorly suffer the consequences of what they voted for.
And don’t tell me that they just aren’t educated. This was about racism, division, and hate. This was about the border and stopping trans people.
Comment by thebaron24 at 11/03/2025 at 14:52 UTC
1 upvotes, 1 direct replies
Classic conservative behavior. Didn't care until they were affected.
Comment by Traditional_Swim4 at 10/03/2025 at 21:58 UTC
1 upvotes, 1 direct replies
Trump has been much warmer and communicative to small biz owners too. That is a glaring hole in the Dem's approach - being a successful small biz owner making six figures means you'll be absolutely leveled with taxes and the regulation is, at times, overburdensome. VP Harris started to make gains on the small biz messaging later in her campaign, but too little too late, and grouping all of us in with peopl who are millionaires and billionaires many times over sealed it.
Comment by tripebowl11 at 11/03/2025 at 02:00 UTC
1 upvotes, 0 direct replies
You feel bad for the people "hoodwinked". Fuck every single one of them. Complete assholes and morons.
Comment by Suspicious_Past_13 at 11/03/2025 at 03:33 UTC
1 upvotes, 1 direct replies
Yeah it’s easy to feel bad for them until you remember all the awful shit trump did BESIDES his bad policies. Like they’re ok with having a daughter and voting for a rapist. Also calling *their own child* an elitist? Like they raised her they know she’s not elite.
But voting for pussy grabbers who puts kids in cages is ok as long as their stock portfolios look good… that is the definition of elitism
Comment by LET_ZEKE_EAT at 11/03/2025 at 04:52 UTC
1 upvotes, 0 direct replies
Fuck em
Comment by lovestoospooge69 at 11/03/2025 at 05:48 UTC
1 upvotes, 1 direct replies
Why would you feel bad for them?
Comment by Small_Dog_8699 at 11/03/2025 at 12:31 UTC
1 upvotes, 0 direct replies
Nevermind that every single reputable economist warned pre election that Trump's economic inclinations would spell disaster.
We are undone by idiots.
Comment by vooglie at 11/03/2025 at 12:36 UTC
1 upvotes, 0 direct replies
lmfao good luck retiring now
Comment by fraudtaverner at 11/03/2025 at 13:23 UTC
1 upvotes, 1 direct replies
You sound smart. Should have listened
Comment by justablueballoon at 11/03/2025 at 16:33 UTC
1 upvotes, 1 direct replies
They are fascists
Comment by idontevenliftbrah at 11/03/2025 at 16:41 UTC
1 upvotes, 1 direct replies
You feel bad for them? I don't. I'm glad they're suffering and I only feel bad for the rest of us also suffering who screamed from the rooftops for the past 4 years that this would happen
Comment by dbdbh47 at 11/03/2025 at 14:01 UTC
1 upvotes, 0 direct replies
Trump is good for a 401k if you know how to play it. People usually put money in, pick a fund to invest in and leave it be. Not the way to play if Trump is president. You have to trade. You have to sell when you’re up and buy when it’s red. That’s what I’ve been doing this term. His first term the same shit happened. One tweet from him and the market would move…I learned from my dad who figured it out…so people have to learn to play the game and that’s how someone will get rich.
Comment by DavidS128 at 10/03/2025 at 21:03 UTC
-8 upvotes, 1 direct replies
We'll see in 4 years. I think we'll be better off