Part 4/8:
As 2024 approaches, homelessness continues to rise, particularly in Arizona where housing remains unaffordable. Dan points out that despite efforts to raise the minimum wage, specifically highlighting Governor Lamont's recent commitment to increase it to $16.35 in Connecticut, such measures may only exacerbate existing economic issues by driving up living costs further.
The conversation pivots to mortgage rates, where Dan reveals surprising data showing mortgage rates climbing toward a two-year high even as interest rates are ostensibly cut. The disconnect between these trends signifies a chaotic economic environment where spending becomes increasingly burdensome for average consumers.