Money Moves: Financial Lessons from Trump’s Economic Policies
If you’re like me, you probably don’t spend your weekends thinking about taxes or economic growth strategies. However—understanding how the government handles money can help you make smarter decisions with your own finances. Listed below are some of the financial policies we might expect from a Trump administration and what they mean for our wallets.
Taxes: Keeping More of What You Earn One big focus of Trump’s economic plan in the past has been lowering taxes. For businesses, this means companies pay less in taxes and (hopefully) have more money to expand, hire workers, and raise wages. For individuals, lower income tax rates could mean keeping more of what you earn—whether that’s from a part-time job or your first full-time paycheck.
Why It Matters: Lower taxes can make it easier to save and invest, but it’s also important to think about how government programs are funded. If taxes go down, programs like education and healthcare might get less funding, so balancing those priorities is key.
Investing in Businesses: Growth and Jobs Another strategy we’ve seen before is cutting regulations to make it easier for businesses to grow. The idea is that when businesses spend less time and money dealing with rules, they can focus on creating jobs and improving their products.
Why It Matters: If more jobs are created, it can lead to higher wages and lower unemployment rates. For us, that could mean more opportunities after high school or college. But fewer regulations also raise questions about things like worker protections and environmental impact, so it’s important to stay informed.
Infrastructure Spending: Building for the Future One area Trump has talked about is investing in infrastructure—things like roads, bridges, and airports. Not only does this make cities and towns look better and work better, but it also creates jobs for the people building them.
Why It Matters: Infrastructure projects can boost the economy and create short-term job opportunities. Plus, better roads and internet access can help businesses grow faster.
Debt and Deficits: What’s the Catch? While tax cuts and spending on big projects sound great, they can also lead to higher national debt if the government spends more than it earns. Managing debt is kind of like managing a credit card—spending too much now can lead to bigger bills later.
Why It Matters: Keeping an eye on government debt is important because it can affect interest rates, inflation, and even how much we pay for things like student loans in the future.
Final Thoughts Understanding financial policies isn’t just about politics—it’s about learning how decisions made today can affect our ability to save, invest, and succeed tomorrow. Whether you’re thinking about starting a business, going to college, or investing in stocks one day, knowing how these policies work can give you a head start.
So yeah, taxes and budgets might not be the most exciting thing to talk about, but trust me—when it comes to money, knowing the rules of the game is the best way to win.
Knowledge is Power—Use It Wisely!
Arjun Lakireddy
