Are you hibernating even though it’s nearly summer?
Many clients I’ve seen in recent months have been cheered by lower gas prices, but stagnating wages, coupled with always increasing costs of other necessities, have really taken a toll on the middle-class average Americans.
The economy’s sluggish growth means that many large and small business employers alike do not have the money and confidence to raise wages. If you’re like most clients I see at my Northland office, I know health insurance premiums have NOT stopped increasing each year, in spite of your stagnant pay. And co-insurance expenses continue to creep up as well. Insurance companies and large health care providers may have gotten the memo that your pay increases have been nonexistent, but they can’t necessarily do anything about it.
So something’s gotta give… what I see is many clients going without health insurance or not seeking needed medical care because they can’t afford the out of pocket expense. It is not hard to see why many people develop chronic health conditions because of lack of consistent preventative care. An illness or two here and there, and some of my clients will quickly find their budgets in the red. Groceries or healthcare? Utilities or car payment? Those are impossible choices.
So in spite of the general feeling that the economy is improving, the truth is that it is still pretty rough out there for many of us. You’re not alone and a bankruptcy filing (be it a 7 or a 13) can help you put your finances right side up so you have the money to take care of your necessities. Schedule a no-pressure free consultation with me at our Northland office if you are seeking some relief and need some bankruptcy help We are conveniently located at the intersection of North Oak Trafficway and Barry Road. Stop hibernating and start living!
Check out this link below for more information.
ttp://www.reuters.com/article/2015/06/01/us-economy-consumerspending-idUSKBN0OH2DI20150601
Karen S. Maxcy
Attorney at Law
WM Law, P.C.
OFFICE: (913) 422-0909
FAX: (913) 428-8549
