Retiring Canadians are facing anxiety over stock market volatility, particularly due to U.S. President Trump's tariff threats. Individuals like Donna Gow, who are nearing retirement age, are considering returning to work to offset significant portfolio losses, with Gow reporting a $172,000 reduction. The Canadian Association of Retired Persons highlights widespread fear among members regarding their financial security, emphasizing that many seniors have limited options for recovery at this stage in life. Trump's aggressive tariffs have significantly impacted global markets, causing instability for many retirees who lack the time to rebuild their investments.
I'm still trying to make sure that I'll be self-sufficient in my own income as I age, so I've been considering going back to work... and getting another contract for maybe two to five years.
I can tell you what's happening with the United States is really upsetting a lot of people, not only about the potential threats from the current U.S. administration, but also the stock market has really unsettled people.
It's just shocking for everyone; it's more so for seniors because at this stage in life, they have less options.
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