By Lauren Young, Digital Special Projects Editor |
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This week Reuters rolled out a new series tracking the pulse of Americans who voted for U.S. President Donald Trump. Our coverage delves into how they feel about the president's first 100 days in office and what is impacting their lives – and wallets – now. Not surprisingly, tariffs are the most common policy cited by Trump voters we are following across the country. They see the effect of tariffs in the workplace and on their investments, especially 401(k) retirement plans. Many still back Trump but not on everything. Reuters will be periodically interviewing many of these same voters between now and the 2026 midterm elections to gauge their sentiments. As always, I love to hear from you. Let me know how the Trump administration's policies are impacting you financially. Write to me at onthemoney@thomsonreuters.com. |
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Who will benefit most from tax-cut legislation? REUTERS/Nathan Howard |
Trump budget plan will shift wealth from young to old, experts say |
Trump's sweeping tax-cut legislation would effectively transfer wealth from younger Americans to older generations, experts say. Though Trump's "Big, Beautiful Bill" contains tax breaks for parents, newborns, private-school students and other younger Americans, those benefits will be outweighed by the trillions of dollars it would add to the $36.2 trillion national debt, according to nonpartisan sources. The Penn Wharton Budget Model found that a 40-year-old earning close to the median income would effectively lose $7,500 over the course of a lifetime if the bill became law. A 70-year-old with the same income, by contrast, would end up $17,500 richer. What aspect of Trump's Tax Bill are you paying the most attention to? Write to me at onthemoney@thomsonreuters.com. (Did I mention that I love reader mail?) |
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Oil markets are too well-supplied for price concerns to really worry investors, and strong momentum will likely keep driving stocks higher, Kathleen Brooks of XTB told Reuters as U.S. stocks hit a historic high. Watch her interview here. |
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In 2024, more than 1,000 people became millionaires every day. REUTERS/Lee Jae-Won |
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Americans face higher late fees with the rollback of the CFPB, experts say. REUTERS/Kent Nishimura |
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Do you need to pay down student debt? Are you considering long-term care insurance? Send questions to onthemoney@thomsonreuters.com, and I'll tap my extensive source network and braintrust for expert advice. Don't forget to subscribe to this newsletter! Even better, share it with a friend! |
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This newsletter was edited by Mark Porter. |
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