Author: Mark Garro

Homelessness in the United States has surged to alarming levels in 2023, marking a pivotal moment for legislative action. Diane Yentel, the president and CEO of the National Low Income Housing Coalition, highlights the growing crisis and urges Congress to intervene with decisive measures. Record-Breaking Homelessness Rates The Department of Housing and Urban Development’s recent […]

San Diego, known for its stunning beaches and vibrant culture, is now gaining notoriety for a less desirable reason: its soaring housing costs. With the average price of single-family homes exceeding $960,000 and rental prices skyrocketing, residents are feeling the pressure.  The Rental Reality Zillow reports that the median rent for a one-bedroom apartment in […]

Baby boomers benefitted from the bustling economy of the post-war era and, taking advantage of unparalleled prosperity, now have a collective wealth of tens of trillions of dollars. $53 Trillion of Accumulated Wealth According to a report from Cerulli Associates, baby boomers will hand down over $53 trillion to their heirs between now and the […]

Long-term marriage vows were once seen as unbreakable, yet people over 50 are increasingly parting ways.  Older Americans Are Divorcing A 2022 study from The Journal of Gerontology reports that 36% of divorcing Americans are over 50. This surge in “gray divorce”  presents challenges and implications extending well beyond the couple.  Decades of Wealth Need […]

Rising healthcare costs and the burden of medical debt are not just straining personal finances. They’re impacting health outcomes and quality of life. According to the Commonwealth Fund’s Health Care Affordability Survey, Americans owe $88 million in medical debt.  Healthcare Affordability Enters Crisis Stage As Americans grapple with these challenges, healthcare affordability is now a […]

Previous generations looked forward to winding down their work lives in their mid-60s, but a Gallup poll reports many are now staying in the labor force longer than they anticipated.  61, The New Retirement Age  The average U.S. retirement age has increased to 61, from 57 in the 1990s, according to Gallup.  Derailing Retirement Plans […]

Even with the economy looking up and recession worries dwindling, the cost of living continues to make the American Dream seem like just a fantasy for the majority. Economic Indicators Mislead The economy shows signs of strength with low unemployment rates and growth, but these positive indicators mask the everyday struggles of average Americans. High […]

The financial world constantly buzzes with expectations and predictions. The new year has brought little relief from the noise as Wall Street’s optimism over potential interest rate cuts by the Federal Reserve has been a major topic. However, the reality presents a different picture – a delay in these anticipated cuts, could lead to pain […]

In times of fluctuating interest rates and soaring home prices, the U.S. housing market is experiencing a significant cooldown, with the effects reaching across multiple industries and altering consumer behaviors. The Ripple Effect of a Cooling Market The recent downturn in the U.S. housing market is more than a real estate issue; it is impacting […]

Wall Street witnessed a historic moment as the S&P 500 soared to its first record high close in two years, driven largely by optimism in artificial intelligence and technology sectors.  Record-Breaking S&P 500 Close The S&P 500cc, a key benchmark for U.S. stock markets, marked a notable achievement with its highest close since January 2022. […]