Today on Wealth!, host Brad Smith tackles the top trends in the housing market, job market, and retirement saving strategies.
The show kicks off with a recap of the June jobs report, which revealed an addition of 206,000 nonfarm payroll jobs to the US economy. Yahoo Finance reporter Ines Ferré joins to dissect wage growth data and its implications for ongoing inflation trends. Following this, ZipRecruiter's chief economist Julia Pollak offers insights into the sectors currently attracting the most job interest.
Shifting gears, the program addresses the recent uptick in mortgage rates, marking the first increase since the week of May 30. National Association of Realtors (NAR) deputy chief economist and vice president of research Jessica Lautz weighs in on the potential ramifications for the housing market's future.
The show concludes with an encouraging note on retirement savings. A new Vanguard report indicates a healthier outlook for Americans, with average balances in retirement accounts surging by 19% compared to 2022 activity. Yahoo Finance contributor Kerry Hannon unpacks the report's findings.
This post was written by Angel Smith