Millennials have poured over $500 billion into the housing market over the past year...but what caused this boom? Ed Groshans, Senior Financial Services Analyst at Height Securities joins Your Future Home to discuss where the trend is going and what benefits it's creating along the way.
Groshans says the new tax plan and decreasing unemployment numbers are putting more money into the pockets of young adults. Plus, because millennials are getting married and having kids later in life they are more financially savvy and have saved for a mortgage, home repairs, etc.
He also talks about getting into the housing market while the interest rates are down. He predicts we'll see an upswing in rates over the next few years so it would be smart to get in now.
Lauren Brody, author of "The Fifth Trimester," joined Cheddar to talk about the ongoing fight for a national paid family leave policy after it was cut from the Democratic reconciliation bill negotiation reportedly due to objections from Senator Manchin. Brody discussed how parents are often forced to choose between work and caring for their family and newborns — or even taking time to deal with a traumatic loss. "Frankly, it's appalling to me that we live in a place that doesn't support people who have experienced the death of a baby and then had to go right back to work," she noted.
American Airlines canceled more than 1,700 flights over the weekend and more than 300 on Monday morning. The carrier's COO cited high-wind weather conditions at its Dallas/Fort Worth hub as well as ongoing staffing issues.
Carlo's flying solo today, talking COP26 and climate change, another racially charged trial gets underway, SCOTUS takes on abortion and a stunning rise in traffic deaths points to a bigger societal breakdown sparked by the pandemic.
Deren Baker, CEO of Edge by Ascential, previews what to expect from Amazon given supply chain disruptions and discusses why it's important to focus on Amazon's non-retail sector sales.
The La Niña effect in the Pacific Ocean is leading to rough forecasts this winter in the Northern Hemisphere. Suketu Gandhi, supply chain partner at Kearney, joined Cheddar to discuss the likelihood food prices and shipping get disrupted amid the meteorological event especially considering existing supply chain problems. "The global supply chains are going to be truly disrupted with La Niña," he said, pointing to COVID-19 and political changes as factors. "So, the Jenga called 'supply chain' is just one brick away from falling down completely." In 2011, the last significant La Niña year, food prices reached record highs.
