6 Mistakes Boomers Are Making With Their Money in the Trump Economy

Core Insights - Economic uncertainty during President Trump's second term is leading baby boomers to make financial decisions that could jeopardize their retirement [1] Group 1: Financial Missteps - Many baby boomers are clinging to outdated investment strategies, such as relying heavily on cash, bonds, or dividends without adjusting for market volatility, which could erode their purchasing power due to inflation [2] - Overreacting to market volatility, particularly in response to Trump's tariffs, is causing some boomers to shift towards conservative investments, risking long-term growth due to panic-driven decisions [3][4] - A significant portion of older adults are delaying retirement due to economic uncertainty, with only 10% currently retired, as rising costs of living, housing prices, and healthcare are forcing them to reconsider their retirement plans [4][5]