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If Harris wins, here aresome possibilities of what could occur.
After all, rising costs can impact anyones budget, especially those on afixed or low income.
Its averaged out at roughly 5% during Bidens term, though there have been extenuating circumstances for this.
Harris has proposed addressing inflation starting with high grocery, housing and healthcare prices.
In August 2024, aMoodys Analytics reportindicated the macroeconomic impacts of a Harris vs. a Trump presidency.
The report predicts an average annual inflation rate of 3.5% in 2025 if Trump wins and Republicans sweep.
It predicts a 2% annual inflation rate if Harris wins with a divided Congress.
But not everyone agrees.
She will always fight to ensure that Americans can count on getting the benefits they earned.
Medicare is expected to pay out thefull benefits amountuntil 2036.
Shes also said shell work toward accelerating negotiations to cut prices and make prescription medication more affordable to Americans.
Its set to expire at the start of 2026, however.
Everyone in Michigan will feel this increase.
For now, this is all speculation based on campaign proposals and past patterns.
What happens with a potential Harris presidency and its impact on Michigan retirees remains to be seen.
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