What Trump's 2024 Presidency Means for the Economy and Your Finances

President-elect Donald Trump's proposed economic policies, including tax cuts, tariffs, and mass deportations, could have mixed effects on the U.S. economy. While corporate tax cuts might initially boost growth and stock markets, tariffs and deportations could increase inflation and labor costs, potentially negating benefits for consumers. The impact on housing affordability and long-term GDP growth remains uncertain, with potential challenges in implementing these policies even with Republican control of Congress.