Tariffs can drive a lot of questions — such as who’s actually paying them, and why are they making so many goods and services more expensive?
While all Americans are feeling the pinch in one way or another, one group may be hit the hardest, according to Robin Valadares, founder of the Financially Fulfilled Physio. “Think of tariffs as a stealth tax on imports. Who gets hit hardest? Our seniors.”
He shared that the National Association of Federal Retirees found that 1 in 4 seniors are struggling with rising prices already and “these new tariffs are just piling on,” he said.
Valadares suggested some things retirees should stop buying, or pare back on, to save money in this high-tariff economy.
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Electronics and Appliances
While retirement may finally seem like the time to enjoy the latest “gizmos,” Valadares said that many of these, especially the imported ones, “are getting slapped with tariffs.”
From TV consoles to a new dishwasher or fancy coffeemaker, tariffs are driving up the ways retirees enjoy their downtime. “So, that new gadget to FaceTime the grandkids? Pricier.” He said it’s time to ditch “buying the absolute newest model just because it’s shiny” and instead look into refurbished or quality used items.
Better yet, if something’s broken, before you toss it, see if a local shop can fix it, which is “often way cheaper than a new one.”
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Imported Clothing and Shoes
Retirees might not even realize that “a huge chunk of our wardrobe comes from elsewhere,” Valadares said. While he’s not suggesting that anybody stop buying clothes altogether, things like high-end imported wear, “fast fashion” that falls apart quickly, athletic gear and shoes and big some brands and styles may simply not be affordable anymore.
“An April 2025 analysis from the Yale Budget Lab even suggested that all 2025 tariffs could bump apparel prices up by a whopping 17%,” he pointed out.
Now is a great time to hit up thrift stores or consignment shops, especially if you have the time to sort through for the gems.
Certain Groceries and Pantry Basics
Most Americans, retired or not, have noticed that groceries are more expensive. While Valadares isn’t saying retirees should skip meals, it does make sense to avoid imported foods, some natural foods, pantry staples like olive oil and rice and processed goods that are susceptible to tariffs. Even imported fruits and vegetables may not be worth buying in the near term.
Tips for Free Fun and Programs
Retirees may also find their budgets squeezed more tightly for entertainment, from concerts to dining out, but there are always free or low-cost ideas to take advantage of, Valadares said, from community centers with senior programs, to nature’s bounty such as parks and hiking trails.
Additionally, he pointed out, “Your library is a treasure trove — not just books, but free movies, e-books, online courses and even passes to local attractions.”
Retirees don’t have to stop enjoying their retirement; by cutting back in key ways, you can make the most of your leisure years.
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This article originally appeared on GOBankingRates.com: 3 Things Retirees Should Stop Buying To Save Money Amid Tariffs
