‘Having nightmares.’ Florida seniors anxious as tariffs, stock plunges disrupt economy

AARP volunteers Rahal Karim, right, and C.P. Natatrajn help Jose Correon prepare his income tax return at the Southwest Focal Point Senior Center in Pembroke Pines on Thursday. (Joe Cavaretta / South Florida Sun Sentinel)
Latest Legacy Articles

Alina Garcia sits next to her husband at a small table in a Pembroke Pines senior center. As they work on their tax forms, Garcia fumes. She has lived in South Florida for over 56 years and says she is furious preparing her taxes as she watches the stock market plunge, hears about potential cuts to Medicaid, learns of disruptive changes to Social Security and sees her cost of living rising.

“I’m so angry my blood pressure keeps rising,” she said.

From community centers in Pembroke Pines to neighborhood coffee shops in Hollywood to the lively pickleball courts of Delray Beach, South Florida seniors are voicing strong emotions as they navigate the economic turbulence.

The tri-county area of Broward, Palm Beach, and Miami-Dade represents a major retirement destination with nearly a million residents 65 or older. For many older adults, the cuts to federal agencies, the trade wars, and the volatility of the stock market fuel deep worries and fear over how they will manage through retirement when their nest eggs are dwindling.

For the full story, please visit sunsentinel.com

Author

Leave a Comment

Your email address will not be published. Required fields are marked *