Suze Orman warns Americans about 401(k)s, recession fears now

The finance author offers key advice for people to manage the surprising crisis.

Apr 5, 2025 - 07:46
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Suze Orman warns Americans about 401(k)s, recession fears now

Stock values have cratered in the two days since President Donald Trump unveiled his global tariff plan after the close of trading on April 2 — and millions of Americans have watched helplessly as their 401(k)s and other investments quickly crumbled. 

The damage to markets was "significantly larger than expected," Federal Reserve Chair Jerome Powell said April 4 at a Society for Advancing Business Editing and Writing (SABEW) conference.