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Business Latest: Medical debt

 

MEDICAL DEBT: For many Americans, medical debt is greater than the cash they have on hand for emergencies, and the problem is particularly acute for lower-income earners. A new survey finds that 1 in 4 people say they have more medical-related debt than emergency savings. For those earning less than $30K annually, it’s 44% who have more of that kind of debt than cash socked away.  Read more

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CROWDFUNDING HITS THE CLASSROOM: As students head back to school this week in droves, many are finding classrooms full of new supplies, from pencils to even computers. But increasingly those supplies are being paid for from a new source: Crowdfunding. More and more, public school teachers are using fundraising platforms usually known for financing young companies to buy supplies, finding it an effective source to fill the capital gap in their cash-strapped districts. Read more

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Business Latest: Medical debt