Weekly Market Update

YOUNG VOTERS TURNED OUT FOR MIDTERMS; NEW CONGRESS' EFFECT ON HIGHER EDUCATION

Thursday, November 8, 2018

Tuesday's midterm elections resulted in Democrats taking control of the House of Representatives and losing three Senate seats, expanding Republicans' Senate majority. While this may not have been the predicted "blue wave," a divided Congress will likely increase oversight of the executive branch, including the Education Department led by Betsy DeVos and its attempts to rollback several Obama-era regulations. Additionally, these midterms drove student voter turn-out. According to Harvard researchers, approximately 40% of young Americans had said they would "definitely vote" in Tuesday's elections. This is a significant increase from the 19.9% turnout among 18–29 year-olds in the 2014 midterms.

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