Baby boomers are entering their retirement years in ever-growing numbers. The Pew Research Center notes that the millennial generation, the group made up of 18 to 34 year olds, is now the largest demographic in the U.S. workforce. We suspect that a demographic breakdown of the population in Illinois would show the same thing.
Comedian John Oliver knows how to make a point. He did it again earlier this month when he took it upon himself to buy up $15 million in consumer medical debt and then proceeded to forgive it all. Perhaps someone in Illinois is smiling today as a result.
The prospect of losing one's treasured assets is something that sparks fear in the hearts of a lot of people in Illinois. The home you struggled hard to purchase and maintain represents one of the greatest physical legacies you have created. The last thing you want to do is lose it because some unexpected major life event occurs leaving you suddenly in a financial bind and facing bills you can't handle.
The mere existence of credit card debt does not mean that you should settle into debt fret. As we noted in one past post, a number of factors can influence whether there's reason for an Illinois consumer to worry.
You should be at the center of your healthcare, but how often do you feel you are when you have to wade through sheaves of documents from multiple entities about the care you have received. The care provider talks about treatments and procedures one way. The insurance company refers to them using other terms. Many in Illinois will probably get an explanation of benefits from an insurer after treatment. If you're lucky, it will state somewhere that "This is not a bill," but it will still indicate an amount you may owe. What? Are we all on the same planet?