How a Trump Presidency Could Reshape Your Finances

Donald Trump's victory in the 2024 presidential election is expected to significantly impact American consumers' finances. His proposed policies include broad tariffs on imports, which could drive inflation and increase costs for goods like automobiles and food. While Trump's corporate tax cuts may benefit certain sectors, his protectionist measures could lead to higher interest rates and affect housing affordability. Additionally, his tax plans may favor high earners, while his childcare proposals include expanding the child tax credit.