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Trump Meets US House Republicans Following the US Election, Washington, District of Columbia, USA - 13 Nov 2024

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These efforts increased some inequality across the board.

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Here are four policies from Trumps first term that hurt themiddle class ability to build wealth.

It also has led to a substantial increase in the federal deficit.

With higher premiums and fewer protections, families were faced with financial strain.

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This often resulted in a limited ability to save and build wealth over time.

The higher rates reduced housing affordability, Winegarden said.

However, the Social Security Trust Fund faces a shortfall and could be depleted in a decade.

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If Congress and the president do nothing, then retirees would only get 83% of their benefits.

Winegarden explained, It also will require future tax increases that will be harmful to families.

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