Will Donald Trump make the American economy great again? Sixty percent of Americans who Gallup polled just after the November election believed he would. But not all are convinced we’re in for smooth financial sailing over the next four years.
When asked what to expect from Trump’s presidency, half of the people credit-reporting agency Experian surveyed said they thought their own financial status would improve. But only 37% felt there would be a rising tide to lift all boats.
Unsurprisingly, there was a stark red-blue divide in the results of the survey of 1,000 voting-age people, conducted in late November 2016. Republicans were very optimistic. More than 70% of GOP supporters said they expected everyone’s finances to improve in the next four years. But only 19% of Democrats believed the American economy would improve under Trump, and 53% thought things were going to get worse.
Wherever they fell on the political spectrum, most people planned to make money changes in response to the new political climate. Fifty-five percent said they took some financial action as a result of Trump’s election, and a third of those surveyed said they were planning major money changes over the next four years.
Here are 15 money moves Americans are making in the wake of Trump’s election. No. 14 is something all of us should probably do, considering the majority of Americans have less than $1,000 in savings.