After receiving medical care, a bill must be paid off. Typically, if someone has health insurance, the insurance company will cover all or a portion of the bill. Some may have little to no income, which makes it hard for them to afford insurance, which leads to accumulating debt.

In a report released by the National Bureau of Economic Research (NBER), it was seen that the GDP level had reduced a second time, which is the usual indicator of a recession. However, despite the data showing a reduction in consumer spending, the NBER has announced they believe the economy is not in a recession.

Life insurance is a great investment because it can financially protect your family if you pass away unexpectedly. Life insurance can help your family pay off debts, living expenses, or any final expenses.

Since the beginning of the pandemic, the cost of living has continued to rise due to the surging inflation rates. When the Bureau of Labor Statistics calculated the most recent inflation rate using the Consumer Price Index, it was determined that it was at its highest level in 40 years.

For many years, Black Americans have been at a disadvantage when it comes to homeownership and acquiring wealth.

In the first quarter of 2020, when the COVID-19 pandemic first began, household wealth declined. However, since then, it has continued to rise, until now. A new recent report released by the Federal Reserve looked at the wealth of households and highlighted key financial data regarding where money is rising and falling.

Over the past couple of weeks, investor confidence has been dropping in both the crypto and stock markets. Moreover, with the current economic climate, many investors have begun offloading most of their investments as there are rising concerns about a potential recession, leading to a crypto bear market.

The Black homeownership gap has increased by more than 30% since the height of the pandemic. That is higher than it was 60 years ago when racial discrimination in housing was legal.

Social media is a great way for businesses of any size, location, or niche to increase income. Monetizing your business’s social media ranges from direct sales to talking to your customers. Businesses that want to financially thrive must start monetizing their social media presence.

It is no secret that the United States cashes in on Cinco de Mayo. Restaurants across the nation run specials on alcohol and Mexican dishes, and beer companies spend millions of dollars on advertising before the big day to promote higher alcohol sales.