The Current Economic Landscape

In today's economic environment, there is a contrast between the challenges and opportunities faced by the incoming administration compared to those of previous years. The national debt has surged from approximately 20 trillion to 35 trillion, while interest rates have soared from 76 basis points to around 4.5 percent, complicating financial plans. Housing affordability has become a pressing issue for many Americans due to these high rates, calling for strategic initiatives to improve the situation. Additionally, state and local governments are grappling with financial burdens exacerbated by increased expenses related to the migrant population, highlighting the complex landscape that the new administration will encounter.