Will American’s choose Donald Trump or Joe Biden? With Election Day fast approaching, Americans should consider how the election could impact their hard-earned savings.
The COVID-19 pandemic brought the brought the national and global economy to its knees. stock markets in the US and abroad tanked, putting a big dent in investor funds and retirement accounts like 401(k)s.
But before COVID hit, the economy roared along, with record-low unemployment rates and investors profited from the longest bull market in history. President Trump slashed regulation and cut taxes, leading to what some called a golden age for American business.
So, investors and business owners know what to expect from another four years of a Trump presidency. But polls show Joe Biden ahead and the odds-on favorite to win in November. So, what kind of a business and market environment could we see with a Biden presidency? Let’s examine the 5 ways a Biden win could impact your wallet.