With US stocks tumbling and volatility shooting up, many Americans are keeping a wary eye on their retirement accounts – and even having second thoughts about their future plans.
“It’s troubling times,” says Carl Young, 52, who lives near St Augustine, Florida.
Young, who is originally from Warrington in the UK and has been living in the US for 10 years, is semi-retired after working as an energy industry executive and does part-time consulting work on the side.
The current stock market turmoil, he says, “worries me because it’s self-inflicted, it’s not during Covid. It feels like we’re shooting ourselves in our foot.”
President Donald Trump has argued the impact on global markets from his sweeping tariffs will be short-term, and they are necessary to address trade imbalances and protect American industry.
Carl Young
