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While financial experts have been acknowledging the panic many Americans are feeling about their 401(k)s since the stock market plummeted on Monday, after President Trump’s announcement of global tariff increases last week, there are some substantial financial casualties: The top 25 state and local pension funds have lost approximately $169 billion during the four trading days of April 3-8 following the Trump tariff announcement, according to the Equable Institute, a non-profit pension fund institution.
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Lynn Cavanaugh
Lynn Varacalli Cavanaugh is Senior Editor, Retirement at BenefitsPRO. Prior, she was editor-in-chief of the What's New in Benefits & Compensation newsletter. She has worked for major firms in the employee benefits space, Vanguard and Willis Towers Watson, as well as top media companies, including Condé Nast and American Media.
