Your 401(k) Is the Next Midterm Battleground for Republicans
- Republicans use market declines to reinforce midterm messaging
- Issues just beginning to resonate with voters, strategists say
Senate Minority Leader Mitch McConnell
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Republicans are opening a new line of attack on President Joe Biden and congressional Democrats as US stocks head for their worst year since 2008, sapping Americans’ retirement accounts in the run-up to the midterm elections.
Dropping balances in 401(k)s and IRAs have only just begun to surface as a concern among swing voters in focus groups, though usually as one complaint in a litany of grievances over the economy, still mostly driven by frustration over consumer prices, several Republican strategists said.