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California leads all states for highest bankruptcy risk to seniors

Housing Wire

Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. The study analyzed 11 factors to determine which states put elderly U.S. citizens at the greatest risk of bankruptcy.

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Inside voices: Understanding Gen Z and personal finance

Housing Wire

Today, she interviews Yanely Espinal, the Education Outreach Director for NextGen Personal Finance. As a child from an immigrant family, financial literacy was not something that was discussed at home, and Yanely struggled with personal finance as she entered adulthood. I’m a daughter of immigrants. I had no idea.

Finance 362
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Researchers sound the alarm over finances of ‘forgotten middle’ older adults

Housing Wire

33 percent of Black and Hispanic older adults’ asset portfolios comprise transportation items like a personal vehicle,” the brief said. Liquidizing a vehicle is both inconvenient and impractical as it eliminates a source of independence in a society increasingly dependent on private vehicle access.”

Finance 400
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Why is Data Science Used by Big Business?

George Dell

These business segments include but are not limited to marketing, transportation, telephony, medicine, insurance, finance, entertainment and many others. Why are so many business segments utilizing Data Science in their business decisions? To find out […].

Business 195
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U.S. hiring slowed in April, missing estimates

Housing Wire

Job gains were most notable in health care (+56,000), in social assistance(+31,000), and in transportation and warehousing (+22,000).

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HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

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Southern residents often pay more for mortgages, credit access: CFPB

Housing Wire

This also applies to mortgage financing, despite Southern residents applying for mortgage loans at the same rate as the rest of the nation. In the “ Consumer Finances in Rural Areas of the Southern Region ” report, the CFPB compares consumer financial experiences and outcomes in rural communities in the Southern region to other regions.

Mortgage 355