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The number of people seeking help from the National Debt Helpline increased 12 per cent in 2024. Photo: Dan Peled/AAP PHOTOS
Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in people seeking financial help.
More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year.
The increase showed how difficult it was for many Australians to get by at the moment, said Peter Gartlan, co-CEO of Financial Counselling Australia, which co-ordinates the helpline service.
“Cost-of-living pressures are mounting and having a significant impact on the financial well-being of many thousands of Australians,” he said.
Chicago, IL-(Effingham Radio)- Illinois is touting a growing amount of medical debt relief in the state. The Illinois Medical Debt Relief Program has abolished more than 220-million-dollars in medical debt for another 170-thousand individuals statewide.
The average amount of debt abolished per person during this round is nearly 13-hundred-dollars. That brings the program’s total erased debt to more than 345-million-dollars for nearly 270-thousand Illinois residents.
Equity Commonwealth, a real estate investment trust (REIT), has released its Form 10-K report for the fiscal year ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, business operations, strategic initiatives, and the challenges faced during its ongoing liquidation process. The company has been focused on winding down its operations and liquidating its assets to maximize shareholder value.
Financial Highlights
Net Cash Flows Provided by Operating Activities: $99.1 million for the ten months ended October 31, 2024, reflecting the company’s efforts to manage cash flow efficiently during the liquidation process.
Net Cash Flows Used in Investing Activities: $13.9 million for the…
The Longniddry Christian Aid Committee hosted Douglas Alexander, Lothian East MP, and Martin Whitfield, South Scotland MSP, at their ‘Breaking Bread’ event at Longniddry Parish Church.
The event is part of a nationwide initiative by Christian Aid, allowing MPs to meet local Christian Aid teams and constituents.
The main topic of discussion was the global debt crisis.
Mr Alexander said: “I was helping to deliver Christian Aid envelopes before I was delivering Labour Party leaflets, so it was a real pleasure to meet with Longniddry Parish Church’s Christian Aid group and join them for their coffee morning.
“I also welcomed the opportunity to discuss action on tackling global poverty, the part debt plays in it, and…
In a society where debt is a normal burden, most people have multiple repayments they have to make every month: mortgages, car loans, credit cards, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall short in providing tangible information. Could artificial intelligence help bridge the gap?
There’s a chasm between getting no financial advice at all (commonly due to debt shame or a lack of funds) and being able to afford a financial adviser, so I wanted to see if AI could help bridge this with tips on how best to tackle your debt.
