trump's base is seniors counting down to social security, the rich, malcontents, and feds (his staff in other words) have gov pension plan. none of those care about the 401k people.
There is also a bond market collapse for those people not invested in stocks precisely because they're close to retirement.
I think that was the real reasons that tariff effects were postponed, the increase in interests in the bond markets would have been too fatal too quickly.
The stock market is a barometer for future predictions.
Stocks going down meant we were on track for everyone to have reduced buying power, which would impact company's bottom lines, which would make them less valuable.
Trying to see this as class warfare between investors and average people is missing the point.
Furthermore: Stocks are up, but yields did not drop. If this holds, it's still not good for the average person. Expect mortgage and auto rates to go up, combined with that 25% tariff on autos that wasn't delayed.