GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
His administration could bring a host of economic changes, particularly in tax policies, trade and regulatory measures.
Were also seeing positive signs from the U.S. economy.
Inflation rates are down to 2.7% as of November, and unemployment is low at about 4.2%.
This backdrop implies the overall environment is on the positive side for the growth of the economy.
Rent in the U.S. has increased 19% since 2019, perThe Washington Post.
U.S. food prices, meanwhile, have increased 25% since 2019, per theU.S.
Many people brought those feelings to the polls, giving Trump a win as president-elect.
Also seesix things to buy before Trumps inauguration in January.
He has indicated that one of his first executive orders after his inauguration will address these tariffs.
If Trump chooses to impose these tariffs, they will increase government revenue.
However, tariffs could also lead to price increases on everyday goods, possibly negating any potential tax savings.
Plus, inflationary pressure may put additional strain on the limited spending power of lower-income households.
Deregulation can benefit businesses and consumers with reduced costs.
However, deregulation could also harm the protection of financial transactions and consumer credit markets.
Weakening the bureaus regulatory power could mean less oversight of financial institutions.
A more lenient CFPB and diminished consumer protections could lead to greater fees on loans and credit products.
The shift toward privatization could lead to higher premiums and fewer choices for seniors.
More From GOBankingRates
Share This Article:
