Charlottesville, VA (CVILLE RIGHT NOW) – CBS Business Analyst Jill Schlesinger provided insights on several pressing financial issues. She started with a mixed update on Medicare, noting, “The program…there’s still long-term problems…but we did see the deficit for the hospital insurance program narrow.” She emphasized the complexities and costs associated with Medicare, warning listeners about the financial burdens that can arise during retirement. 

Schlesinger also discussed the stock market’s recent performance, stating that “stock markets go up, they go down, we are now just 2% below where we were before the sell off began.”  She also touched on the importance of Walmart’s upcoming earnings report as a key indicator of consumer behavior. 

When addressing mortgage rates Schlesinger stated that, “6 1/2 percent is still more than double where mortgage rates were during COVID.” Despite some favorable movements, she reminded listeners that rates remain high compared to previous years. 

To learn more, you can listen to the full conversation here: