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

Nicole Spector
Updated
Peoria,AZ - May 25 2020: Former Vice President of the United States Joe Biden walking with supporters at a pre-Wing Ding march from Molly McGowan Park in Clear Lake, Iowa.
Peoria,AZ - May 25 2020: Former Vice President of the United States Joe Biden walking with supporters at a pre-Wing Ding march from Molly McGowan Park in Clear Lake, Iowa.

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.

United States Treasury stimulus payment for Coronavirus CoViD-19 outbreak disease.
United States Treasury stimulus payment for Coronavirus CoViD-19 outbreak disease.

Expansive COVID-19 Relief

Business, finance, investment, accounting, taxes or money exchange concept : Top view or flat lay of calculator and pen on American Dollars cash money.
Business, finance, investment, accounting, taxes or money exchange concept : Top view or flat lay of calculator and pen on American Dollars cash money.

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

stack of social security cards
stack of social security cards

More Social Security Benefits

man counting cash money
man counting cash money

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

Serving Customers in Fast Food Restaurant.
Serving Customers in Fast Food Restaurant.

$15 An Hour Minimum Wage

Federal student loan form on a table.
Federal student loan form on a table.

Some Student Loan Forgiveness

A young black woman is at a routine medical appointment.
A young black woman is at a routine medical appointment.

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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