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That's how Washington Post personal finance columnist Michelle Singletary began a recent piece about tariff announcements taking Americans 401ks. As President Trump's tariffs ramped up, confidence in the economy went the other way, fast. For many of you, that's meant seeing your investments take a big hit. Hi,
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I'm Chip from Pennsylvania. My wife and I took advantage of IRA offerings in the stock market through our employers to provide for our retirement, and the response of the market has been a disaster to us and so many others. We are in our 70s and don't have the luxury of time to recover the huge losses we have incurred. For
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those not invested in the stock market, the unpredictable tariffs are changing many of your plans too. One of you emailed to say, I figure those tariffs will be moved right to the consumer cost, so I've started a garden and am fully utilizing all my resources and becoming more comfortable with repairing my own things. Now, with the 90-day pause, the erratic ride continues. Later on, we answer some of your questions about personal finance and weathering storms of uncertainty with our friend Michelle Singletary's help. But first, after the break, we're joined by Martha Gimbel. She'll help us explain this economic moment and what it means for our wallets. Martha is the executive director of the Budget Lab at Yale, which looks at the impacts of federal economic policy. I'm Jen White. You're listening to the 1A Podcast, where we get to the heart of the story. Stay with us. We've got a lot to get into.
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Support for NPR and the following message come from Betterment, the automated investing and savings app. CEO Sarah Levy shares how Betterment utilizes tech tools powered by human advice. Betterment
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is here to help customers build wealth their way. And we provide powerful technology and complete human support where technology can deliver ease of use and affordability. And the people behind that technology can provide advice
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and guidance. Learn more at Betterment.com. Investing involves risk, performance not guaranteed. Support for NPR comes from the Sci-Sims Foundation. Since 1985, supporting advances in science, education, and the arts towards a fairer, more just, and civil society. More information is available at scisimsfoundation.org.
