Big changes are coming for your wallet and the economy in 2025. With new leadership and shifting global trends, things are about to get interesting.

Are you prepared for what's next?

The tariff tempest: Navigating economic uncertainty​

The prospect of new tariffs has sent ripples of uncertainty across the global economy.

The incoming administration's approach to trade could lead to a variety of outcomes, from a potential trade conflict to renegotiated deals that may benefit the U.S. economy.

While the impact of tariffs on trade, domestic demand, and inflation remains to be seen, experts from investment firms like UBS suggest that the effects could be mitigated through negotiations and domestic legal challenges.



The real estate reef: Will the housing shortage subside?
The dream of homeownership may continue to be just that for many Americans as the housing shortage shows little sign of easing.

With a deficit of up to 2.5 million new homes, affordability remains a distant shore for many prospective buyers.

J.P. Morgan Private Bank's forecasts suggest that while lower mortgage rates could provide some relief, the imbalance between supply and demand will persist, with regional variations in affordability.

The timeline for improved housing affordability stretches well into the 2030s for many major cities, assuming stable mortgage interest rates.

The tax tides: Anticipating legislative shifts​

The Tax Cuts and Jobs Act of 2017 is set to sunset at the end of 2025, potentially ushering in higher marginal tax rates for individuals.

While efforts to extend the legislation and maintain lower tax rates are expected, the political currents may require compromise, particularly around contentious issues like the state and local deductions or SALT deduction cap.

As we approach this legislative high water mark, it's essential to stay informed and consider how potential changes could affect your financial planning.

The power surge: Electricity as a growth industry​

Beyond the dazzle of artificial intelligence, the power sector is poised for a surge, driven by the reshoring of manufacturing, the electrification of vehicles, and the insatiable demand for data centers.

These data centers, growing at a 25% annual pace, are voracious consumers of electricity, prompting a renewed interest in nuclear generation and the potential for small nuclear reactors to enter the mainstream.

As we transition to greener energy sources, the role of natural gas plants as a reliable backup remains crucial.

The scam storm: Preparing for more sophisticated threats​

As we advance technologically, so do the tactics of scammers. Artificial intelligence scams have doubled, with losses reaching $108 million.

These scams, which often use deepfake technology to impersonate trusted figures, underscore the need for heightened vigilance.

Establishing safe words with loved ones and verifying unusual requests through trusted channels are essential strategies to weather this storm.

In a previous story, read more details about President-elect Trump’s plans for America here.

Have you started to prepare for these potential changes? What strategies are you considering to protect your finances in 2025 and beyond? Share your thoughts and insights in the comments below.