The Trump Economy Begins: 5 Money Moves the Middle Class Should Make Before Inauguration Day

Business and Finance Business and Finance

Sun, December 29, 2024

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The Trump Economy Begins: 5 Money Moves the Middle Class Should Make Before Inauguration Day

^{Published on 2024-12-29 09:20:58 - AOL}

President-elect Donald Trump's inauguration is just weeks away, signaling a change to economic policies that could affect your wallet and savings. Financial experts are urging the middle class to

The article from AOL discusses the economic landscape under former President Donald Trump, focusing on five key financial trends that began during his administration. It highlights the significant tax cuts implemented through the Tax Cuts and Jobs Act of 2017, which reduced corporate tax rates and individual income taxes, aiming to spur economic growth. However, this led to increased federal deficits. The article also notes the trade war with China, initiated by Trump, which involved imposing tariffs on billions of dollars worth of Chinese goods, affecting global trade dynamics and leading to retaliatory tariffs from China. This trade tension contributed to economic uncertainty. Additionally, the piece touches on the deregulation efforts, particularly in the financial and environmental sectors, which were intended to reduce the regulatory burden on businesses but raised concerns about oversight and environmental impact. The article also mentions the strong stock market performance during much of Trump's term, although it acknowledges that this was influenced by various factors including global economic conditions. Lastly, it discusses the labor market, where unemployment hit historic lows, but wage growth remained moderate, and there were concerns about the quality of jobs created.

Read the Full AOL Article at:
[ https://www.aol.com/trump-economy-begins-5-money-113105538.html ]

N@N

The Trump Economy Begins: 5 Money Moves the Middle Class Should Make Before Inauguration Day