8 ways America’s finances changed under Obama


At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

How has President Barack Obama affected your wallet?

It’s complicated. Anyone who tells you otherwise may have a political axe to grind.

Obama shares credit — and blame — on the state of the economy, but it’s exceptionally difficult to pin definitive win-and-loss stats on a presidency that is just ending. History has a longer view, and there’s so much more to the American economy than who occupies the White House.

What is clear is that the eight years under Obama has been a time of big economic shifts.

In his farewell address in Chicago, the president outlined what he thought were the country’s great achievements during his tenure. On the economy, those included ending the Great Recession, bailing out the auto industry, adding millions of new jobs and pushing through the Affordable Care Act.

“And the good news is that today the economy is growing again,” Obama said.

Here are eight ways your finances have changed under the Obama administration — for the better or for the worse.

RATE SEARCH: Shop Bankrate right now for the best high-yield CDs.