After peaking in 1971, the percentage of families covered by life insurance has dropped steadily, from a high of 85.4% to 59.4% in 2019. Financial experts say life insurance is still a “huge need.” So why don’t […]
People buy insurance to protect themselves and their families from financial risk, especially risks that are too big to cover with savings, like car accidents, house fires, or death. When times are tough, you’d expect people to […]
While end-of-life planning requires many important decisions, one thing you may not consider is whether you’re in the right city. Where you spend your last days can make a difference in your own quality […]
Many people experienced home insurance rate increases of hundreds or even thousands of dollars in 2022. Inflated construction costs were a big factor, but homeowners in disaster-prone states such as Florida and California had it even worse than most […]
Auto insurance premiums declined in states that legalized medical cannabis, according to a study published in Health Economics. Legal cannabis is often portrayed as a negative when it comes to automobile safety, but authors Cameron Ellis, Martin […]
Some insurance companies have stopped covering certain Hyundai and Kia models, an unprecedented response to high theft rates for those cars. The Highway Loss Data Institute says the frequently stolen vehicles lack passive immobilizers, which […]
Health care has become increasingly unaffordable for people who get insurance through their employers in recent years, especially women, according to research published in the Journal of the American Medical Association. Since 2016, self-reported unaffordability among women has […]
Expanding Medicaid coverage may have led to better cancer survival rates among young adults, according to new research published in the Journal of Clinical Oncology. The study finds that states that expanded Medicaid to cover most […]
Raising a child can cost more than $12,000 a year, [1] but many Americans in the “sandwich generation” expect to financially support their parent(s) as well. Roughly two out of three members of the sandwich generation (66%) […]
Over the last six years, psychedelic drugs have gained increasing acceptance in the medical and legal realms as legitimate treatments for mental health conditions like depression and chronic pain. Colorado recently decriminalized psilocybin (a psychedelic […]
Flood insurance is meant to cover the cost if your home is damaged by flooding. The vast majority of flood insurance policies are sold through the National Flood Insurance Program, which is run by the […]
Homeowners with Federal Housing Administration-backed mortgages can now buy private flood insurance to satisfy their loan requirements. It’s a sign of expanding consumer choice in response to a burgeoning private flood insurance market. Previously, […]
Life insurance companies paid a record $100 billion to beneficiaries of life insurance policies in 2021. The amount was a 10.8% increase over 2020, which was itself a record-setting year, when payments rose 15.4% over 2019, […]
There were 48,953 deaths from firearms in the U.S. in 2021, the highest number recorded since the Centers for Disease Control and Prevention started tracking it in 1981. One way some lawmakers have attempted to […]
When you pay for insurance, you’re ideally buying financial certainty. When you get into a car accident, car insurance protects you from bearing the full cost on your own. You pay your premium even […]
U.S.-born parents experienced a baby boom in the midst of the COVID-19 pandemic. Fertility rates had been dropping since the 2007 Great Recession, but the 2021 “baby bump” reversed that trend, a new study finds. […]
In less than a year between 2020 and 2021, Lake Charles, Louisiana, faced two hurricanes, then a severe winter storm, followed by more flooding, all in the midst of a pandemic. A team of […]
Are drivers losing the ability to decide where to get their cars fixed? That’s what proponents of right to repair legislation believe. They say automakers are making it increasingly difficult for independent repair shops […]
While hurricanes cause most flooding damage on the East Coast, atmospheric rivers — massive storms that carry extreme amounts of water from the tropics — have accounted for 84% of total flood damages in […]
Most people, even people who love their jobs, are working toward the day when they can stop working. Saving for retirement is a pillar of any financial plan. But it can be tricky. While […]
Many Americans are cutting back on takeout, driving, and groceries to adjust to rising prices, according to a survey from Policygenius. More than 37% of Americans say they’re eating out or ordering takeout less, […]
The U.S. spent an all-time high of $4.1 trillion on health care in 2020, representing almost 20% of the gross domestic product. Unlike other countries, the question of who pays that expense is spread out […]
The Supreme Court on Friday overturned Roe v. Wade, ending the constitutional right to abortion. Twenty-six states are likely to ban abortion care as a result. In addition to the legal barriers, pregnant people face financial […]
Many Americans improved their financial habits during the pandemic by cutting expenses and paying down debt, but those habits are slipping in 2022, according to research from Northwestern Mutual. The 2022 Planning and Progress Study, […]
Fewer than half of U.S. workers are aware of a tax credit that’s “almost too good to be true,” says Catherine Collinson, CEO and president of the Transamerica Institute and Center for Retirement Studies. The […]
High inflation and slowing spending may be putting the U.S. economy on the path to a recession, an extended period of economic decline. If you were born in 1985, this would be the fifth […]
The Biden administration has taken steps to ease the student debt burden, including forgiving $26 billion in student loans. The White House is also considering canceling debts more broadly for millions of borrowers. While the […]
If you haven’t checked your 401(k) for the past six months (and you probably shouldn’t), you’re in for a bad surprise. The S&P 500 has fallen by 20% since the start of the year, […]
Why are Colorado residents receiving this money? The legislature is opting to send taxpayers the money because of a record state surplus. “Instead of the government sitting on money that Coloradans earned, we want […]
While the pandemic has made many people more careful evaluators of risk, one everyday activity (driving) has quietly become more dangerous over the past two years. More than 20,000 people died in motor vehicle […]