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While concerns may not be immediate, one thing is certain: Significant changes are on the way.
These areas could have the most immediate and the most far-reaching impact on household finances.
Here are five financial concernsthe middle class should have before inauguration day.
Thats why it is essential for families to plan for changes.
Such policies may result in families paying higher premiums or not having access to affordable coverage, explained Ray.
This is particularly troubling forlow and middle-income householdsthat already feel the financial pinch from rising medical costs.
Job Market Dynamics Hold Potential Risks
Another concern is the job market.
In the past, wage growth did not keep up with job creation.
Saving, managing and living within their means is the best thing that families can do, Mueller advised.
CBS Newsreported an expert prediction that these plans could add up to 1 percentage point to inflation rates.
Lower- and middle-income households are most likely to suffer from these increased costs.
When making a budget, they should consider how these changes will affect their financial health as a whole.
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