InCharge provides free, nonprofit credit counseling and debt management programs to Michigan residents. If you live in Michigan and need help paying off your credit card debt, InCharge can help you. The state of Michigan can expect a two-tiered recovery as it attempts to bounce back from the impact of the COVID pandemic in The recovery will be tougher for those in low-wage jobs like restaurants or the service industry, where workers face difficult financial and re-hiring challenges.
A economic outlook on the state was produced by Ehrlich and three other experts from the university. The study was released before COVID vaccines were initially distributed to health care workers and the at-risk population, and before President Donald Trump signed a relief act that extended unemployment benefits and helped small businesses.
The Bureau of Labor Statistics reported that unemployment in dropped from Unemployment had dropped every year in the state from to , when it hit 4. Forecasts predict the rate will be between 3. But โฆ from November to November , nonfarm wages dropped 9.
Vaccine approval could speed up that timetable. It just will take longer for the poor and low-wage employees to see the benefits. The slower recovery in low-wage job may exacerbate the income disparity in the state, and cause larger problems for those facing long-term unemployment.
Ehrlich and his colleagues predicted an increase of , jobs in the state in and , which still would leave it with , fewer jobs than it had in the first quarter of Debt consolidation is one of the best and easiest ways to take care of weighty obligations. InCharge is a nonprofit credit counseling agency that offers debt relief. Its debt management program works with creditors to consolidate debt, reduce the interest rate on credit cards and create an affordable monthly payment. InCharge even administers the program and payments for you, taking an agreed on payment each month and distributing it among creditors.
