It has been a(nother) turbulent year. And while we'd like to think the coming year might bring less upheaval, it seems unlikely. The next presidential election takes place in late 2024, which means the prospect for dramatic policy change is highly unlikely, but that real changes in any policy will be introduced in 2025 and 2026. What is introduced and perhaps implemented will be based on the configuration of the executive branch, House of Representatives, and Senate. 

The focus on affordability

Voters are focused on topics of keen interest to them: their financial position, their security, cost of basic living expenses, and education.  

In 2024, we are likely to have an economy that will continue to expand – albeit at a slightly lower rate. The monetary policy from the Federal Reserve Bank's actions and fiscal policy from the federal government will continue to work against each other and create some concern for businesses and citizens.  For example, it is forecasted that the interest payments on the outstanding deficit will be nearly $1 trillion dollars – a number that is hard for most of us to even fathom.