If Donald Trump or Kamala Harris take power in 2025, it will have a major impact on your financial life for years to come.
Are you most concerned with retirement finances? It’s best to consider what each side will do when it comes to things like Social Security and drug costs.
Are they more worried about the prices of everyday items? That will depend on how the new administration approaches issues ranging from the Federal Reserve to tariffs to Ukraine.
And let’s not forget taxes: A set of Trump-era tax cuts is set to expire at the end of 2025, and who takes office next year will likely determine what sort of deal can be reached to avoid effective tax hikes for millions of Americans.
To help navigate a tumultuous election season, Yahoo Finance analyzed where the two candidates stand on 20 key contentious financial issues that matter most to Americans’ wallets.
If you take a look at the interactive guide below, you’ll see that the two parties promise very different approaches to key policies that will affect nearly every aspect of our economy’s future.
Yahoo Finance compiled this guide based on what candidates have said on the campaign trail as well as conversations with election officials and outside experts.
The guide does not mention a variety of other important topics at the forefront of voters’ minds, notably abortion and the Middle East, simply because these issues have less direct economic impact.
Political turmoil is also a top concern among voters, with Democrats often highlighting Donald Trump as a threat to democracy. Trump himself survived an assassination attempt at a rally in Pennsylvania on July 13.
The race was turned upside down in July when President Joe Biden gave up on reelection after a politically disastrous performance in the debates, with Vice President Kamala Harris quickly replacing Biden and winning the Democratic nomination within days.
Harris has taken positions broadly similar to Biden’s but has gradually been unveiling details of her own economic policies, including announcing a plan in August that focuses on the cost of living.
The information in this interactive guide will be updated throughout the election as more details emerge about both candidates’ positions and in line with the latest Yahoo Finance coverage.
Photo illustration from Yahoo Finance (Image: Getty Images)
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