Question of the Day: What percent of American adults are carrying medical debt?
It's often cited in surveys as the #1 cause of bankruptcies in the U.S. How prevalent do you think medical debt is for American adults?
- What do you think are the types of bills that lead to medical debt? Answer here.
- Do you think people with health insurance are more or less likely to have medical debt?
- What percent of adults with medical debt owe more than $2,500? Answer here.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (KFF.org):
Beyond the 41% of adults who currently have some form of health care debt, a further 16% of adults say they have had debt due to medical or dental bills in the past five years that has since been paid off.1 This means in total, most adults (57%) have experienced owing money due to medical or dental bills at some point in the past five years.
Want to deepen your content knowledge about insurance? Sign-up for NGPF's Insurance Certification Course (no cost!) with classes starting the week of September 12th.
More than 500 Questions of the Day to choose from in NGPF's QoD Library.
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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