Mark Hamrick

Mark Hamrick, a Senior Economic Analyst at Bankrate, dives into pressing economic issues. He highlights a looming crisis with Social Security, predicting a 23% benefit cut by 2033 due to demographic shifts and funding challenges. The conversation also touches on the stalled job market, the threat of recession, and the impact of rising inflation on consumers. Hamrick emphasizes the urgent need for individuals to prepare for retirement shortfalls and discusses housing affordability challenges amid current economic trends.