Money Management International Launches Mmi Consumer Distress Dashboard to ...


credit:

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.

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Nhs and Nice Unveil Plans to Accelerate Access to Innovative Medical Technologies

The UK's National Health Service is looking to speed up the adoption of cutting-edge medical technologies into its system, the New York Times reports. According to the Guardian, NICE, the UK's...more

Gov. Desantis Signs Three Bills Aimed at Enhancing Cancer Research, Innovation and Health Care

Florida Gov. Ron DeSantis on Tuesday signed three bills aimed at enhancing cancer research, innovation, and health care, the Florida Times-Union reports. One of the bills he signed is one that...more

Governor Ron Desantis Highlights Significant State Investments and Signs Legislation ...

"By fostering innovation, encouraging data sharing and cooperation, and expanding cancer-related resources, Florida will bring the fight against cancer to a whole new level." So says Florida...more

Leading Experts Reimagine Public Health Technology at Summit

"We really have to re-invent public health," Alessandro Vespignani, director of the Network Science Institute at Northeastern University, tells the Boston Globe. "This requires an...more

2023-24 Annual Report: Transforming for Healthier Communities

"We're transforming for healthier communities, and with a new five-year strategic plan that builds on this momentum launching this fall to guide us, it truly is an extraordinary time for Osler and...more

Documentary Unearths the Soybean'S Hidden Potential, Future Innovation

A new A&E documentary looks at the future of the soybean, one of the most sustainable crops on the planet. Breaking: A Story of Innovation takes a look at how the crop has evolved over the past...more

How Technology Can Help Solve America'S Health Care Accessibility Crisis

"We are arriving at a critical juncture, one in which leaders in every facet of the health care industryfrom pharmaceutical CEOs to hospital administratorsneed to reflect on the causes and impact of...more

Florida Gov. Ron Desantis Signs 3 Bills to Improve Statewide Health Care

Florida Gov. Ron DeSantis has signed three new bills into law, including one that makes it easier for environmental health technicians to conduct septic tank inspections without a four-year...more

Building a Public Health Innovation Ecosystem in the Who European Region: Meeting Report ...

A new report from the World Health Organization calls for "innovative solutions" to some of Europe's biggest health challenges, including neglected tropical diseases, HIV, tuberculosis, and an aging...more

Manulife and World Economic Forum Launch the Prospering in Longevity Challenge to ...

The World Economic Forum is putting its money where its mouth is, in the hopes of helping the world live longer. The forum has launched the Prospering in Longevity Challenge, a three-year...more






Social Entrepreneurship
Spotlight



A Toast to Social Entrepreneurship


Chris Raine, an MBA student and Skoll Scholar at Saïd Business School, Oxford University who fundamentally believes in social entrepreneurship, founded an online community program called Hello Sunday Morning.



Federal Government Grant and Assistance Programs


Anadromous Fish Conservation Act Program | Employment Discrimination Equal Pay Act | Purchase Care Program | Health Careers Opportunity Program | Beach Erosion Control Projects | Title VI Federal Guarantees for Financing Tribal Housing Activities | Veterans Home Based Primary Care | Emergency System for Advance Registration of Health Professional Volunteers | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders