Near-retirement and retired Americans are increasingly anxious about their savings due to market volatility spurred by the trade war. Many are avoiding checking their accounts, while others are making portfolio adjustments, though some are unsure what more can be done. Experts warn of a possible recession, and older investors feel the impact of paper losses more acutely as they need to withdraw funds for living expenses. While some are delaying withdrawals or cutting back on spending, the uncertainty and potential long-term effects of the trade war are causing significant stress, particularly among older adults.

Prepared by Christopher Adams and reviewed by editorial team.