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As Americans head to the polls, several key personal finance issues are weighing on voters’ minds and wallets.
This week, the Federal Reserve enacted its fourth consecutive 0.75 percentage point interest rate increase to fight inflation, triggering further stock market losses.
Meanwhile, recession fears are growing, with 84% of Americans worrying how a prolonged economic downturn may affect their finances, according to a MassMutual report released Thursday.
More from Personal Finance:
What the Fed’s 0.75 percentage point interest rate hike means for you
Democrats warn that Social Security, Medicare are at stake
What ‘millionaire tax’ plans on the ballot in California and Massachusetts mean for top earners
“The overall economy has been so important, and I think it really is influencing the elections,” said attorney Marc Gerson, member chair of the tax department at law firm Miller & Chevalier in Washington D.C.
Some issues appear on state ballots, but federal policy depends on which party controls Congress. While Republicans are favored to win the House, the Senate hinges on a handful of competitive races.
Here are five of the most pressing issues this election season — and how Tuesday’s results may affect your wallet.
As Election Day approaches, Democrats are telling voters that Social Security and Medicare may be at risk if Republicans take control of Congress.
“They’re coming after your Social...
The lawsuit alleges the CCRB’s online database, 50-a.org, unfairly harms officers by listing serious accusations including sexual misconduct, racial profiling and making false official statements ...