💨 Abstract

President Donald Trump's second term has been marked by unconventional policies, including the closure of agencies like USAID and the Consumer Financial Protection Bureau. The stock market dropped after the implementation of "Liberation Day" tariffs, causing concern over 401(k) and IRA balances. Despite a promising April jobs report, economic uncertainty persists. Experts advise against panic, suggesting steps like revisiting budgets, boosting emergency funds, paying down debt, and staying invested.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖