Despite the decrease in the share of people with medical debt in collections appearing on their credit reports over the past decade, unpaid balances due to healthcare costs remain a significant burden for many individuals and families. Research conducted by the Urban Institute revealed that in 2013, 19.5% of Americans had medical debt in collections,
The upcoming presidential election between President Joe Biden and former President Donald Trump has sparked feelings of anxiety among investors. According to a survey conducted by investment company Betterment, more than half of investors (57%) expressed nervousness about the election, with 40% expecting to make changes to their investments based on the outcome. The survey,
It is a well-known fact that the high cost of living is taking a toll on the younger generation – Generation Z. According to a report from Bank of America, nearly half of Gen Zers between the ages of 18 and 27 rely on financial assistance from their family. This financial support is becoming crucial
The recent discussion around potential interest rate cuts by the U.S. Federal Reserve has sparked concerns about the implications for international travelers. The relationship between interest rate policies and the strength of the U.S. dollar is a critical factor to consider. If interest rates are reduced, it could lead to a weaker dollar, making traveling
In light of the recent surge in home prices, homeowners are faced with a unique opportunity to refinance their homes and take advantage of the increased equity. However, the reality is far from simple. Despite the temptation to pull out cash from their homes, many are deterred by the soaring interest rates, which have more
Renowned investor Bill Gross has voiced his concerns regarding Tesla’s recent behavior in the market. He believes that Tesla is starting to exhibit traits of a speculative play among retail investors, comparing it to a meme stock with sagging fundamentals and volatile price action. Despite concerns raised by Gross, Tesla has been on a remarkable
The Biden Administration’s Spring 2024 Unified Agenda reveals that a final rule on student loan relief may be published in early October, right before the presidential election in November. According to higher education expert Mark Kantrowitz, regulatory changes like these usually take a significant amount of time to implement, but the Department of Education could
The 2024 Global Wealth Report from UBS predicts a significant increase in the number of global millionaires over the next five years. This growth is expected to occur in 52 out of 56 economies that were surveyed, showing a positive trend in wealth accumulation worldwide. The leading countries in terms of growth include Taiwan, Turkey,
In an effort to enhance efficiency and cater to the increasing demand for online grocery shopping, Walmart has announced the opening of five automated distribution centers specializing in fresh food across the United States. These new facilities, averaging 700,000 square feet, will revolutionize the way Walmart handles perishable items and aims to streamline its supply
China’s consumer price inflation saw a meager rise of 0.2% in June compared to the previous year, failing to meet expectations set by analysts. The consumer price index was anticipated to increase by 0.4% year-on-year, indicating a significant shortfall. On the other hand, the producer price index, reflecting factory-gate prices, fell by 0.8% from the