Who Was Named Time Person of the Year 2020
Time magazine named Joe Biden the Person of the Year for 2020. The award recognized his election as U.S. president during a year shaped by the COVID-19 pandemic, economic disruption, and intense political division.
Why Biden Was Selected
The editors cited his promise to restore trust in institutions, science-based pandemic response, and efforts to unify a divided country. The choice reflected expectations of policy shifts in public health, fiscal stimulus, and international cooperation.
Impact on Finance and Markets
Biden's victory signaled potential changes in tax policy, regulation, and government spending. Investors monitored proposals related to corporate taxes, infrastructure investment, and healthcare, which could affect sectors, earnings, and long-term market trends.
For more background on the Person of the Year tradition, see Time's Person of the Year archive.
