Ep 457: What You Need To Know About the 2025 Economy
And how to plan for uncertainty.
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Show Notes
Welcome to 2025! It’s a New Year and it’s also a Presidental transition year which means we’re all wondering where things may be headed this year economy-wise. A little trepidation is always expected anytime a new President is due to take office, but Americans are feeling especially uncertain about how President-elect Trump’s decisions may have a ripple effect on our personal economies.
Kathryn Edwards, PhD Economist shares how the US economy is really doing and what it could mean for our wallets in 2025.
CHAPTERS:
04:00 The lasting economic reverberations from the pandemic
06:00 Structural economic inequality in the U.S.
11:00 The economy’s cyclical nature
14:00 Advice for investors
17:00 The economic impact of tariffs
22:00 The childcare market failure
TAKEAWAYS:
- The pandemic's impact has left a long-lasting imprint, contributing to current economic uncertainty.
- The challenges Americans face are rooted in decades of structural economic inequality dating back to the 1980s.
- Tariffs increase consumer costs and create unpredictable economic ripple effects.
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