Home
Focus Areas
About Us
In the fourth quarter of 2023, American household debt hit $17.5 trillion, according to the Federal Reserve's quarterly report on household debt and credit.
That's $212 billion more than in the third quarter of that year, and $50 billion more than in the fourth quarter of 2017, reports the Wall Street Journal.
And that's not counting credit card debt, which hit a new record of $1.13 trillion.
"This significant increase in debt underscores the critical need for resources and tools that can help address the root causes and effects of financial distress among American consumers," says Thomas Nitzsche, CEO of Money Management International, which has just launched a consumer distress dashboard.
Among its findings: The average amount of unsecured debt held by MMI's new clients is nearly $30,000, with an average monthly budget deficit of more than $300.
The demand for financial counseling has risen 54% over the same period last year.
New clients are now joining MMI's debt management plan at a rate not seen since 2012.
The average amount of student loan debt held by MMI's new clients is almost $20,000, with an average monthly budget deficit of more than $1,000.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
The People's Bank of China says it will start allowing people in China to use the country's new digital currency, the Digital Yuan, to buy goods and services starting next month, the BBC...more
When it comes to corporate social responsibility, India's government and public sector companies are at the top of the list. But when it comes to companies of all sizes, they're at the bottom,...more
The world's biggest state investors are getting into the business of making positive social and environmental impact investments. Singapore's Temasek Holdings, one of the world's largest state...more
"Our long-term vision is to see every dollar invested globally as a net positive for people and planet." So says Niklas Adalberth, the founder of Norrsken Foundation, which operates Norrsken VC,...more
When it comes to giving back to the communities in which they operate, India's companies are in a race against time to up their game. A new survey from Deloitte finds that just 28% of companies...more
During the Covid-19 virus, many businesses took a hard look at how they do business and realized they needed to do more to attract and retain top talent, Forbes reports. According to a report...more
"We've noticed that there are a wide variety of investment opportunities that can truly be transformative for women's and children's health and have confirmed, time and time again, that without...more
"A lack of paid leave, exorbitant childcare costs, and discrimination made my early career difficult at best, and for the majority of Americans, makes it nearly impossible to have a family," writes...more
Baltimore's Horseshoe Casino has donated more than $930,000 to 24 community projects in the city's south side. The South Baltimore Gateway Partnership made the grants using funds generated by...more
San Diego State University cell biologist Angelica Riestra has been researching trichomoniasis since her days as a graduate student at the University of California, Los Angeles. Since then, she's...more
Health News from...
Gates Foundation
Howard Hughes Medical Institute
Rhode Island Foundation
Jack Kent Cooke Foundation
Johnson County Community Foundation
Ontario Trillium Foundation
Omaha Community Foundation
Silicon Valley Community Foundation
Regional Access Project Foundation
Ford Motor Company Fund
Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
