States are looking to expand Medicaid

When Obamacare was rolled out a few years ago, it provided states the ability to enroll more of their residents into Medicaid. This was an optional component of the program which some states took advantage of and others did not. Now with the recent failure to overturn Obamacare, more local government are looking at providing increased access to Medicaid while they have a chance to do so.

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Two million truck drivers at risk of job loss to automation

Technology continues to evolve and automation is disrupting even more industries. One of the largest ones that could be impacted over the next decade or so will be truck drivers, in particular long haul deliveries. It is estimated that as many as two million jobs could be at risk. Continue reading “Two million truck drivers at risk of job loss to automation”

Local grocery stores continue to cut prices of food

Thousands of local grocery stores, including Krogers, Safeway, Wegmans and Publix are actively reducing their prices and/or are holding more weekly sales. There are two main reasons they are doing this, but the biggest one is due to increasing competition from non-traditional retailers including Amazon and Wal-Mart. Another reason that prices are going down is due to deflation in many different food categories. No matter the reason, increased competition and lower prices is good news for consumers.

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Trump budget hurts the working poor

The budget proposed by Donald Trump would have a major impact on the assistance programs that the working poor and many other hard-working Americans depend on, many of who voted for Trump. While it it very early in the process, and many things may change over the next several months, the bottom line is that many programs that are being used by Americans who are living paycheck to paycheck could be slashed.

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Record credit card debt as interest rates increase

Here we go again. It is expected that Americans will have a record amount of credit card debt at the end of the first quarter of 2017. This is arguably the worst possible time to be in any type short term, revolving unsecured debt as the federal reserve is expected to continue to increase short term interest rates multiple times throughout the year, which will directly impact consumer interest rates as well as costs.

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