In 2018, the average person in Michigan spent $11,172 on health care expenses. By 2028, health care spending in the United States is expected to rise to $6.2 trillion, and rising medical costs are considered to be a factor in up to 62% of bankruptcies filed by Americans. In most cases, medical debts are treated […]
Monthly Archives: May 2020
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In Michigan and across the US, millennials, a term that refers to individuals who were born between 1981 and 1996, are struggling with debt. This age group earns an average income of slightly over $35,500 per year but has only $8,000 in net worth. Based on Federal Reserve data, millennials owe more than $1 trillion […]