- Jeanine Pirro downplays market downturn despite 401(k) declines caused by tariffs.
- Trump’s tariffs spark financial turmoil, sending stock markets into a sharp decline.
- Critics argue Pirro’s wealth makes her out of touch with average Americans’ losses.
Major stock market volatility has led to a sharp decline in 401(k) values, leaving many Americans deeply concerned about their financial futures. On April 3, 2025, key indices such as the Dow Jones Industrial Average and the S&P 500 experienced a dramatic drop. The Dow fell by approximately 1,700 points which is the steepest decline since 2020.
Tariffs Stir Up Market Chaos
The market crash, as explained, has its root in the current tariff policies initiated by the President, Donald Trump. Trump’s broad tariffs, which range from 10% or higher, have caused significant disruptions across financial markets. He intends to further industrialization in the country to enable international exchange, particularly with countries like China and the European Union. However, these policies have led to some serious sell-offs, pushing U.S. indices into bear market territory. Investors are scrambling to assess the potential long-term effects of these measures.
For younger investors, this kind of downturn can be rather disturbing because they see the end of an extended, strong bull market. According to experts, those with decades to go until retirement should not lose their cool, refrain from looking at their 401(k) balances too many times, and avoid making knee-jerk decisions based on short-term gyrations of the market.
Jeanine Pirro Downplays Market Downturn
Amidst this financial calamity, she incited controversy. Pirro said on April 3, 2025, not to fret about her retirement savings because of the downturn in the market.
“This is what Donald Trump ran on, and he’s delivering,” Pirro said on “The Five.” She expressed confidence in Trump’s trade policies, viewing the market crash as a “necessary correction” in the economic landscape.
Pirro, 73, acknowledged the impact on her 401(k) but dismissed concerns, emphasizing that she believed Trump’s tariffs would ultimately benefit the working class. “It’s about time we recognized we’ve got to have manufacturing in this country,” she added. However, her comments have drawn criticism, with many suggesting that her substantial wealth, including a reported $14 million net worth, makes her out of touch with the struggles faced by ordinary Americans.
Related: Trump Pushes Tariffs, Cramer Warns of Economic Backlash
Public Reaction to Pirro’s Remarks
Despite views by Pirro many people following what is happening to their 401(k) money as it erodes in real time have not taken kindly to hers. Critics argue that her perspective with an annual $3 million salary is out of touch with the economic hardships that the average citizen encounters. While she remains steadfast in her support of Trump’s policies, her remarks only add fuel to the fire of public discontent surrounding the economic toll of the tariff measures.
Earlier the COVID crash has dampened the market, sparking panic, frustration, and political theatrics. Even during then the 401(k) values dropped and the public went anxious about the retirement future. In the current market turbulence, many might feel the pinch of the same economic condition. Financial advisors continue to recommend a well-diversified portfolio and caution against making hasty decisions in response to market volatility.
