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.
New NIH grant to explore impacts of PFAS on male reproductive health.Two-year, $95,178 grant is funded by the National Institute of Environmental Health Sciences of the NIH.Wayne State University is...more
The American Hospital Association (AHA) appreciates the opportunity to provide comment on the Centers for Medicare & Medicaid Services (CMS) and Assistant Secretary for Technology Policy/Office of...more
Lancaster expert warns against dangerous social media challenge risking brain injury.Lancaster University expert warns of high risk of acute brain trauma, catastrophic neck and spine injury, and the...more
Growth was largely concentrated in the non-beverages space, which saw a whopping 109.7% growth to KRW59.2bn (US$43.8m) In terms of product types, a total of 590 Sugar Zero products were reported in...more
A federal judge on Monday declared the Trump administration's move to cut hundreds of grants issued by the National Institutes of Health illegal.The judge accused the government of discrimination...more
Zijing Yang, Student Fellow, Stanford LLM 2025.Chinaa€™s national drug centralized procurement policy implemented since 2018 for off-patent drugs.The Medical Insurance Negotiation leverages...more
'Go Healthy with Taiwan' invites submissions from Australian health innovators - Biotech.'Go Healthy' with Taiwan is a joint initiative between Taiwan and Australia.It aims to promote healthy eating,...more
English has spent her career working at the intersection of farming and public health.Before joining the Walton Personal Philanthropy Group as a senior program officer, she was director of the...more
A clinical decision support system (CDSS) is a broad concept with many definitions that are used variably.CDSS includes a mix of evidence (content), analytics, workflow, devices, and software-based...more
"We approached our Series A with a clear focus: to secure long-term partners who not only understand the science," said Jean Marie Duvall, co-founder and CEO of ReproNovo.Investing in women's health...more
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
