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Joe Biden has spent nearly 5 decades in politics, culminating in his candidacy for president in 2020.

USA TODAY

A Joe Biden presidency will potentially impact the personal finances of millions of Americans, from how much they pay in income taxes, to whether they can pare college debt – or afford college at all.

Those who stand to benefit most are the middle class and low wage earners, experts say, while the affluent will likely pay more.

“Biden ramps up government spending on education, health care and other social programs, the benefits of which largely go to those in the bottom half of the income distribution,” Moody’s Analytics wrote in a report for investors issued before Biden was officially the president-elect. “Meanwhile, he meaningfully increases taxes on the well-to-do, financial institutions and businesses to help pay for it.”

Here’s what we might expect from Biden over the next four