Author: Myles Ma
Life insurance is a huge need. Why don’t more people get it?
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 …
Why people who need more insurance usually end up buying less
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 …
America’s best & worst cities to die in
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 …
Will you be able to afford home insurance when you retire?
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 …
Auto insurance got cheaper in states with legal medical marijuana. Why?
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 …
These cars are ‘too easy to steal,’ so insurers are denying coverage
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 …
These Americans have more trouble affording health care, even with insurance
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 …
Are better cancer outcomes linked to Medicaid expansion?
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 …
The generation most stressed about supporting their kids & parents
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 …
Can you get life insurance if you take psychedelics?
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 …
How to fix FEMA’s flood buyout program
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 …
The gov’t is letting more homeowners ditch the NFIP for private flood insurance
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 …
Life insurance could get a lot more expensive. Here’s why
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 …
Lawmakers want gun owners to get insurance. Could it lower violence?
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 …
Does private health insurance actually protect sick people?
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 …
People sure made a lot of babies during the pandemic!
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 …
These upgrades can help protect your home from climate change
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 …
Are you losing your right to get car repairs wherever you want?
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 …
Atmospheric rivers: Why you need to worry about these increasingly powerful storms
While hurricanes cause most flooding damage on the East Coast, atmospheric rivers — massive storms that carry extreme amounts of water from the tropics — …
Don’t know when you’ll retire? Here’s how to plan for it anyway
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 …
Here’s how most Americans are adjusting for inflation
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 …
Health care is most expensive in these 20 US cities
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 …
Does your health insurance cover abortion?
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 …
Americans were saving record amounts. Here’s why they aren’t now
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 …
This little-known tax credit could give your retirement savings a huge boost
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 …
How to prep for a recession — and come out financially stronger
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 …
The pros & cons of a Biden student loan forgiveness plan
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 …
Inflation eating away at your retirement savings? Try this strategy
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 …
This state is fighting inflation by paying everyone $400
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 …
Why experts say distracted drivers are the ‘second pandemic’ of the 2020s
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 …
