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 Of all bankruptcies filed annually by Americans, more than half are caused by medical bills. Worse, 75% of the people who go bankrupt had health insurance at the time, but were driven into poverty anyway. Why does this happen? And why are the elderly especially vulnerable to abuse?
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 The economic downturn continues to challenge Americans, with seniors perhaps being hit the hardest by dwindling retirement funds, loss in home value and rising health care costs. And with eight out of 10 older Americans suffering from at least one chronic health condition, the monthly cost of prescriptions and over the counter medication can be significant.
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 The National Council on Aging (NCOA) has begun an ambitious program to create more jobs for low income older workers in several states, thanks to $6.9 million in stimulus funding from the Senior Community Service Employment Program (SCSEP) under the U.S. Department of Labor (DOL).
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BundleMyServices.com, an online marketplace for consumers to order multiple home services like Internet, phone and TV, is urging consumers to shop and compare bundles to save money during the summer.
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American Consumer Credit Counseling (ACCC) is a non-profit 501 (c) (3) organization dedicated to empowering consumers to regain control of their lives through education, counseling and debt management. ACCC provides individuals with practical solutions for solving financial problems and recognizes that consumers' financial difficulties are often not the result of poor spending habits, but more frequently from extenuating circumstances beyond their control. As one of the nation's leading providers of financial education and credit counseling services, ACCC works with consumers to help them with the best plan of action to reduce their debt and regain financial stability. For more information or to access free financial education resources log on to consumercredit.com. |
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If you are a low income senior who needs help with your heating and cooling bills, this site can help.
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