Midterm elections 2022: What's at stake for your money

Midterm elections 2022: What's at stake for your money

With a day left for the midterm election to take place in US, here's what is at stake for your money.

The vast majority of US voters (82%) picked inflation as extremely important for the government to address in a recent poll.

Over 2 in 5 adults (45%) rate their personal financial situation as worse now than it was before President Joe Biden was elected in 2020.

On the other hand, 39% say their finances have remained the same and 18% say they’ve gotten better.

Voters worried about inflation and their own personal finances feel a disruption of the status quo could improve the economy.

It can result in the Republicans gaining a majority in one or both houses of Congress.

A Republican takeover of one or both chambers of Congress would result in a divided government.

Interestingly, some felt a divided government would result in few meaningful steps to improve the economy.

About 53% of Americans feel midterm elections will result in a divided government and gridlock.

If Democrats remain in control, legislators may make attempts to pass measures from Biden’s $1.7 trillion Build Back Better Act.