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.
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