No matter if it is a presidential election or a local election, it is every American’s civic duty to vote. Every vote matters, and it can affect your bank account. In this week’s episode of Money Glow Up, host Tiffany Aliche speaks to New Jersey State Sen. Angela V. McKnight, a Democrat, about the importance of voting and how participating in elections can directly impact your bottom line.
“Voting has a huge impact on your bank account,” McKnight says. By casting your vote, you have the potential to elect officials who can enact legislation that affects things like the federal minimum wage rate, student loan debt forgiveness, home values, and many other financial decisions. If loans are forgiven or the minimum wage gets lifted, that’s more money directly in your pocket that you can put toward other areas in your life.
They also talk about political efforts beyond voting. For instance, it’s possible to work with elected officials to help pass legislation, much like Aliche did with her “Budgetnista” law, or run for office. On Money Glow Up, Tiffany Aliche creates a space to share real and inspiring money stories and learn financial fundamentals. Step into the classroom with Money Glow Up every Thursday at 12 p.m. ET with Tiffany Aliche — aka The Budgetnista — to jump-start your financial journey. Money Glow Up is produced by Lauren Pokedoff.
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