Dollar Destroyer Bug

10 Dollar Destroyers to Identify, Avoid or Navigate

While a gargantuan number of Americans handle their finances reasonably well, there are 10 dollar destroyers floating around, wherein some consumers fall victim to their own personal financial mismanagement or find themselves in circumstances possibly out of their control.  The secret to successfully navigating around these ten hazards to the health of your wealth is…

Summer Vacations

Skipping Vacations to Save Money May Necessitate Costly Depression Treatments

While most Americans recognize well-deserved annual vacations are needed to clear out the cobwebs, realign priorities and strengthen a relationship with their better half, a significant number opt out to save a few bucks. According to the new Vacation Confidence Index from Allianz Global Assistance, Americans suffering from a “vacation deficit” are nearly two times as…

American Workers Agree Financial Juggling is #1 Stressor – Unpaid Medical Bills Major Culprit

Dealing with debt, savings, insurance, budgeting is causing employees to miss work, not get enough sleep and more likely to be frequently anxious or stressed out.  According to new survey, past-due medical bills were the leading indicator of workplace absenteeism, with one in eight workers reporting struggling with unpaid medical bills. In addition, 84% of…

Out-of-Pocket Medical Bills Up 6X Since 1980 – Climbing 8% Annually

New research reveals total consumer out-of-pocket spending reached $486 billion last year, having risen by 8% per year since 2011. Indeed, the market for consumers’ out-of-pocket medical costs, which for individuals has risen from $250 per year in 1980 to over $1,400 in 2016.  According to NYC-based Kalorama Information, Americans utilize a variety of methods…

Sickening Business Practices Exposed in a Medical Debt Collection Scam

The Consumer Financial Protection Bureau (CFPB) nailed two medical debt collection law firms and their president for falsely representing that letters and calls were from attorneys attempting to collect on a debt when no attorney had yet reviewed the account.  The law firms also did not ensure the accuracy of the consumer information they furnished…