The Stacking Benjamins Show
Rising Interest Rates, Uncertain Retirement, and Changing Working Conditions: What We Worry About (Live from FinCon 2023) SB1429
Nov 1, 2023
Paula Pant, Rob Berger, and Nick Loper discuss rising interest rates, uncertain retirement conditions, and changing working conditions due to AI at FinCon 2023. They address housing affordability concerns, retirement worries, and the value of attending FinCon. Embracing change and finding new solutions are emphasized. There's also a trivia question about Bram Stoker's Dracula and a dental product from New Orleans.
58:20
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Quick takeaways
- Increasing housing costs are a major concern, making homeownership more challenging for first-time buyers and even existing homeowners.
- Retirement worries include uncertainty about Social Security benefits and fears of inflation and economic changes impacting financial security.
Deep dives
Concerns about housing affordability
One of the major worries expressed by listeners and viewers of the podcast is the increasing cost of housing. First-time home buyers are finding it increasingly difficult to enter the market, with prices continually rising and pushing homeownership further out of reach. Existing homeowners are also feeling the impact, as they realize they couldn't afford their current homes at today's higher prices and interest rates. This concern is causing frustration and feelings of being stuck among prospective buyers and current homeowners alike.
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