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And, it seems like more changes are coming.
More layoffs are expected, the market is tanking and theres loud whispers of a recession.
While theWhite Housestates Trumps actions are turning things around, some experts disagree.
Here are three ways Musks DOGE couldhurt the American middle class financially.
Anthony Termini, investment advisor and expert contributor for Retireguide.com explained what a financial blow that is for Americans.
They may not be able to make their car payments.
Some may not be able to afford groceries.
Termini noted, Eliminating this one program wont have a macroeconomic impact.
Economic Instability
Another way Musk and DOGE could financially cripple the middle class is through economic instability.
While DOGE is meant to clean up excess government spending, Termini believes it will crush the middle class.
DOGE cuts will effectively shrink the U.S. economy, he stated.
It will create a multiplier effect in reverse.
Thats how DOGEs indiscriminate cuts will hurt the middle class.
Theyve only been operating for about six or seven weeks.
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