Aleksandar Tomic | Source | Assoc. Dean for Strategy, Innovation, and Tech. / Prog. Dir. MS in Appl. Econ...
Aleksandar Tomic
Assoc. Dean for Strategy, Innovation, and Tech. / Prog. Dir. MS in Appl. Econ. at Boston College
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Boston College
Assoc. Dean for Strategy, Innovation, and Tech. / Prog. Dir. MS in Appl. Econ.
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There’s No End In Sight To Affordable Housing Crisis That Makes It Harder To Recruit And Retain Workers
The decades-long affordable housing crisis is also a business crisis for many business leaders who continue to find it difficult—if not impossible—to recruit or retain workers who can’t or won’t pay steep home prices so they can live near their place of employment.
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Potential Trump Tariffs Could Chill Global Trade
Aleksandar warns that proposed tariffs could lead to "higher prices and economic slowdown," as trading partners might retaliate. While export sectors could suffer, industries competing with imports might gain. The overall impact on global trade hinges on the extent of tariffs Trump implements, potentially affecting his popularity. -
Homebuying Age Rises: Millennials Face Financial Hurdles
Aleksandar notes that "homebuying has gotten much more complicated for younger people" due to rising prices and interest rates. Delayed family formation and increased financial requirements push the average homebuyer age to 56. The higher median income of buyers highlights the financial power needed. Aleksandar suggests fewer first-time buyers, further increasing the average age. -
Fed Policies' Ripple Effect on Personal Loan Rates Explained
Aleksandar Tomic clarifies how Fed policies indirectly raise personal loan rates. Fixed-rate loans stay constant; variable rates may change. He suggests credit score improvements for better loan conditions and foresees stable interest rates shortly.
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Lack of affordable housing in relatively expensive areas poses a problem for companies across the skill and income spectrum. Companies find that they have trouble recruiting people with experience who are not at the very top of the earning distribution, especially as they build families and try to purchase homes.
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