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Co-Created Classrooms: Fostering Agency and Intrinsic Value in Legal Research Classrooms
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Nest Eggs and Lifelines: The Overlooked Strain of Economic Volatility on 401(K) Participants
No full textMany Americans rely on defined contribution plans like 401(k) plans for retirement savings. These plans do not guarantee a fixed retirement benefit; rather, the benefit is based on accumulated contributions and investment performance. When the stock market drops, so do retirement account balances. When inflation hikes living expenses, money does not go as far. President Donald Trump\u27s policies, including those associated with tariffs, are causing economic and resource volatility leading to financial hardship. Americans worry as they watch living costs increase and their retirement savings diminish. It is well known that retirees rely on 401(k) plan balances to fund their living costs. Yet the effects of economic volatility on 401(k) values extend well beyond retirees. Because these accounts serve a dual purpose-funding both retirement and, at times, current spending-workers who are years away from retirement also feel the impact. This Article examines the often-overlooked consequences of economic volatility under Trump 2.0 tariffs and related policies on 401(k) plan participants, including the ways in which inflation and recessionary pressures may drive pre-retirement withdrawals
