What Does Joe Biden’s Presidency Mean for Your Bank Account?

Though President Donald Trump has yet to concede, former Vice President Joe Biden was elected to be the 46th president of the United States. And come Inauguration Day on Jan. 20, he’ll be sworn into the Oval Office. For the more than 75 million Americans who voted for him, Biden’s return to the White House — this time as commander in chief — heralds the beginning of a national healing from both the pandemic and the political turbulence of the past four years.

Expansive COVID-19 Relief

Higher Taxes, but Only If You Make Over $400,000

More Social Security Benefits

Tax Credits to Caregivers and, During COVID-19, Parents of Young Children

$15 An Hour Minimum Wage

Some Student Loan Forgiveness

More Affordable Healthcare

This article originally appeared on GOBankingRates.com: What Does Joe Biden’s Presidency Mean for Your Bank Account?

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