Home
Focus Areas
About Us
In the fourth quarter of 2023, American household debt hit $17.5 trillion, according to the Federal Reserve's quarterly report on household debt and credit.
That's $212 billion more than in the third quarter of that year, and $50 billion more than in the fourth quarter of 2017, reports the Wall Street Journal.
And that's not counting credit card debt, which hit a new record of $1.13 trillion.
"This significant increase in debt underscores the critical need for resources and tools that can help address the root causes and effects of financial distress among American consumers," says Thomas Nitzsche, CEO of Money Management International, which has just launched a consumer distress dashboard.
Among its findings: The average amount of unsecured debt held by MMI's new clients is nearly $30,000, with an average monthly budget deficit of more than $300.
The demand for financial counseling has risen 54% over the same period last year.
New clients are now joining MMI's debt management plan at a rate not seen since 2012.
The average amount of student loan debt held by MMI's new clients is almost $20,000, with an average monthly budget deficit of more than $1,000. Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
If something catastrophic happened in Australia, paramedics, doctors, and other emergency responders would likely be right in the thick of it. That's the premise of The Future of a Mass Casualty...more
If you're looking for a way to get your kids invested in their faith this summer, the Sunday School Store may have just the curriculum for you. The store has just released Season's of Faith, a...more
John Lithgow is a two-time Academy Award nominee, multiple Emmy, Tony, and Golden Globes winner, and has appeared in everything from The Old Man to Killers of the Flower Moon. But the 78-year-old...more
"It's time to be innovative," Pennsylvania state Rep. Eddie Day Pashinski said Friday during a panel discussion on the state's teacher shortage. "We all have a duty and responsibility to find...more
Oregon's two senators have announced $47.7 million in federal funding will be going to rural schools and other projects in the state, the Oregonian reports. The money is coming from the Secure...more
"Take our children to work day" isn't a phrase you'd typically associate with a university, but that's exactly what employees of the University of Oregon in Eugene did on April 25. As part of the...more
South Dakota's Rapid City and Sioux Falls are two of 13 communities to receive a child care grant from the Governor's Office of Economic Development, and they're using it to do something about the...more
"A lot of memories and experiences are linked to food, so I thought food could be utilized as a tool to make people interested in something and care about itand to see some of the good parts and why...more
The Dallas Opera is trying to make opera more accessible to kids by expanding its education program to include opera-related activities. The Dallas Morning News reports on the expansion of the...more
When students at Glen Cove High School in Long Island walk into the building, they're now likely to see an alert on their way in. The school's new dean of students, Scott Johnson, has developed a...more
Education News from...
Lancaster County Community Foundation
Community Foundation of Southern Indiana
Community Giving Foundation
Hawaii Community Foundation
Kresge Foundation
Tow Foundation
Bloomberg Philanthropies
National Philanthropic Trust
Community Foundation of Fayette County
Community Foundation of Western North Carolina
Social Entrepreneurship
Spotlight
Social Enterprise Pushes Continuity of Care and Home Births
The Neighbourhood Midwives, the brainchild of Annie Francis of Hampshire, offers midwifery services geared for the continuity of care to women and their families.
