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Billionaire Elon Musks department was put in place by President Donald Trump to trim federal spending.
According toCBS News, Musk aims to cut $500 billion in annual federal spending.
Heres a look at four ways some ofMusks desired cuts of government spending could impact you financially.
Why should you care?
Cutting these programs would force many families to make difficult financial choices, potentially delaying homeownership or retirement savings.
Theyve suggested that putting an end to remote work options would lead to natural attrition.
DOGE could also recommend offering early retirement to reduce the federal workforce.
The trickle-down effect could be higher prices in communities where many federal workers live amid lower spending.
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