What the 2024 campaign means for your wallet: The Yahoo Finance guide to the presidential election
Published On Oct 27, 2024, 10:00 AM
The 2024 presidential campaign will have significant implications for personal finances, depending on whether Donald Trump or Kamala Harris wins. Key issues include Social Security, drug costs, inflation, tariffs, and tax policy - especially as Trump-era tax cuts are set to expire by 2025. Yahoo Finance's guide analyzed candidates' positions on 20 financial issues that affect Americans, including their plans on everyday costs and economic strategies.
Stock Forecasts
XLY
Negative
The potential rise of inflation due to tariffs and trade policies could negatively affect consumer stocks. However, depending on the approach to healthcare and social security, healthcare companies may benefit under Kamala Harris's agenda.
XLF
Positive
If Trump's policies lead to renewed corporate tax cuts and deregulation, sectors like technology and financial services might experience gains. Conversely, Harris's focus on tariffs may put pressure on equity markets in the consumer goods sector.
XLV
Positive
Healthcare stocks could benefit from Harris's proposals aimed at reducing drug costs and expanding healthcare coverage, driving more investment into this sector.
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