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12.27.19 Americans are moving less; Healthcare costs are a major American concern

12.27.19 Americans are moving less; Healthcare costs are a major American concern

FromThe Clark Howard Podcast


12.27.19 Americans are moving less; Healthcare costs are a major American concern

FromThe Clark Howard Podcast

ratings:
Length:
38 minutes
Released:
Dec 27, 2019
Format:
Podcast episode

Description

Historically, 1 in 5 Americans move each year. But the Census Bureau finds we are relocating at a much lower rate today, closer to 1 in 10 moving each year. People are staying put, primarily because dual incomes make it more difficult to move. This save people money over time. There's enormous cost in both selling and buying a home - generally 10% in and 10% out. One important exception: It's better for your net worth bottom line to move out of a deteriorating neighborhood. It's worth it to sell and move on because it can take decades for neighborhood home values to recover. 

The Financial Times of London did a poll concerning American attitudes about healthcare. Premiums, copays and deductibles have gotten huge, so even with coverage, we're exposed to how unbelievably expensive healthcare is in the U.S. The FT survey found healthcare cost is considered the number one economic threat to our nation in many states. Healthcare consumes 20% of the nation's economy. We can not prosper as a nation in global competition with 1 of every 5 dollars of economic output being swiped by healthcare, It's one out of $10 -$12 elsewhere. That gap is devastating to us. We must address this. Hospitals are freaking over new cost disclosure rules. We should have the right to know costs in advance. 
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Released:
Dec 27, 2019
Format:
Podcast episode

Titles in the series (100)

Save more and spend less is more than just a motto for money expert Clark Howard; it’s a way of life. Clark and his crew — Team Clark — are on a mission to empower people to take control of their personal finances by providing money-saving tips, consumer advice, hot deals and economic news to help everyone achieve financial freedom. Clark is a nationally syndicated radio talk show host and a consumer reporter for television stations around the country. His podcast, The Clark Howard Show, receives more than one million downloads each month and is a hub for listeners to get valuable advice on-demand any time. Clark answers questions on the most popular business and consumer topics including; how to buy a cars, financing a home, retirement planning, shopping for insurance and getting the most out of your savings. Join the conversation and submit your question to www.clark.com/askclark . Clark spearheads two free resources — Clark.com and ClarkDeals.com — to encourage consumers to save more, spend less and avoid ripoffs.