Inside a Pennsylvania rally, President-elect Donald Trump promised voters that their incomes and net worth would “soar.”

With the economy at the forefront of the 2024 election, many voters turned to Trump for answers as they struggle with rising costs of living.

“I’m scared for my future,” said Kelsey Moyer, a 20-year-old student, expressing concerns about the future economy.

Despite Trump’s promises, many economists, like Harvard’s Robert Lawrence, warn that his policies may worsen inflation rather than solve it.

Trump’s rallying cry was clear: “Vote Trump and your incomes will soar. Your net worth will skyrocket,” he promised voters in Indiana.

On the campaign trail, Trump made tariffs a central part of his economic platform, proposing massive tax hikes on foreign goods.

“To me, the most beautiful word in the dictionary is ‘tariff.’ And it’s my favorite,” Trump said at a Chicago Economic Club event.

Trump suggested imposing tariffs of 10-20% on goods from other countries, especially China, to encourage domestic production.

Trump claimed that tariffs would not raise consumer costs, but experts argue that they would significantly increase prices for U.S. consumers.

Economists warn that tariffs, often passed on to consumers, would raise the cost of everything from groceries to electronics.

Matthew Shay, CEO of the National Retail Federation, says Trump’s tariffs would create a significant burden on American families.

A study showed that tariffs could reduce American consumer spending by up to $78 billion each year.

Trump’s mass deportation plan could hurt the U.S. workforce, leading to worker shortages and higher prices, according to economists.

Trump’s first term saw inflation stay relatively low, but the economy had already been recovering from the 2008 financial crisis.

As Trump prepares for a second term, voters must wait and see if he can deliver on his promises to improve their financial futures.