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.
Who will benefit most from tax-cut legislation? REUTERS/Nathan Howard
Trump budget plan will shift wealth from young to old, experts say
Though Trump’s “Big, Beautiful Bill” contains taxbreaks 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.
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.
Mo’ millionaires
In 2024, more than 1,000 people became millionaires every day. REUTERS/Lee Jae-Won
Wealth grew disproportionately quickly last year in the United States, with at least 379,000 people becoming new U.S. dollar millionaires, more than 1,000 a day, a recent report by UBS showed.
Are consumers protected?
Americans face higher late fees with the rollback of the CFPB, experts say. REUTERS/Kent Nishimura
The increased consumer costs from the CFPB's rollback of regulations on bank fees, wholesale dismissal of cases against banks and other lenders and the apparent failure to disburse funds intended for harmed borrowers run counter to Trump's campaign pledges to ease the cost of living, according to the Student Borrower Protection Center and the Consumer Federation of America.