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☆ Student-loan borrowers are facing new bills next month — but minor paperwork errors and lost payments are causing 'a lack of clarity about absolutely anything'
▼ + stars: | 2023-09-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The student-loan payment pause is over, and some borrowers are facing problems with repayment. "You remain responsible for making your monthly payments." AdvertisementAdvertisementAfter more than three years, the pause on federal student-loan payments ended on Friday — interest started accruing again on September 1, and borrowers will face monthly bills again beginning in October. Still, there's a chance relief could come for borrowers who have been making payments on income-driven repayment plans. But for borrowers like Hunter who are struggling to get answers from their servicer, it's unclear what improvements can be made.

Persons: they're, Heather Hunter, Hunter, Sarah, she's, —, servicers, there's, Joe Biden Organizations: Service, Education Department, Consumer Financial, Federal Student Aid Locations: Wall, Silicon, autopay

☆ Struggling US households may soon max out their credit cards as banks get skittish
▼ + stars: | 2023-08-31 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

But the spending habits of consumers do not appear to be sustainable, and a correction is due. But spending habits are unsustainable, and a decline in consumer spending is likely coming in early 2024, according to the note. That's because credit card debts are piling up and excess savings from the pandemic are being depleted. "With banks far more reluctant to provide unsecured consumer credit, based on the Federal Reserve's Senior Loan Officer Opinion survey, the clear threat is that many struggling households may soon find their credit cards are being maxed out and they can't obtain more credit," he said. AdvertisementAdvertisementTotal credit card debt held by US consumers hit a record high earlier this year of more than $1 trillion.

Persons: James Knightley, Knightley Organizations: ING Economics, Federal

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Ethan Nguonly, 22, is a software engineer at Google living in Orange County, California. Living in Orange County, California, Nguonly aims to spend intentionally in order to put as much money as he can toward his investments. Tristan Pelletier | CNBC Make ItAbout a year after buying his investment property, Nguonly purchased his primary residence in La Palma, California. While he's kept a significant amount of money in crypto, Nguonly now mainly focuses on investing in ETFs and real estate.

Persons: Ethan Nguonly, it's, he's, Nguonly, Tristan Pelletier, Nguonly's, I'm, Ethan Nguonly Nguonly's, lockdowns, couldn't, — Nguonly, It's, it'd, didn't, Sakura, takeout, you've, there's Organizations: CNBC, FIRE, Google, University of California, UC Berkeley, Transportation, Spotify Locations: Orange County , California, Florida, California, Berkeley, Qualtrics, Virginia, Riverview , Florida, Riverview, Hurricane, La Palma , California, Orange County, New York, Singapore, Cambodia

☆ Mom takes son to Churchill, Canada, for a week of education no school can match
▼ + stars: | 2023-08-26 | by ( Terry Ward | ) edition.cnn.com time to read: +14 min

We were in Churchill, a town of roughly 900 people nicknamed the “Polar Bear Capital of the World,” in Canada’s Manitoba province. A male polar bear rests during a Tundra Buggy ride into the Churchill Wildlife Management Area in August. People have to learn to co-exist with polar bears in Churchill, where some of them stay waiting for sea ice to refreeze. Hudson Bay polar bears are among the most vulnerable on Earth because of loss of sea ice, with their numbers in sharp decline. They arrive as soon as the sea ice breaks up to feast on small fish called capelin that spawn here.

Persons: we’re, I’d, Nico, Ursula, Jim Baldwin, Baldwin, Alex Cupeiro, “, Terry Ward, you’re, Terry Ward I’d, we’d, Barba, can’t, Jennifer Diment, “ Churchill, Ward, Chantal Maclean, ”, ” Maclean, ” Nico, Chantal, he’d, John Gunter, Fronters, velcroed, Indiana Jones, Joe, he’d maxed, Sandra Cook, Churchill Organizations: CNN, Polar Bears, Churchill Wildlife Management, Churchill Wildlife Management Area, Frontier North, Zodiac, Helicopters, Bear Holding, “, Churchill Locations: Churchill, Canada’s Manitoba, Florida, Hudson Bay, Hudson, Tampa, Winnipeg, Churchill’s, Svalbard, Norway, Stockholm, Oslo, Toronto, Denver, Vancouver, Washington, Ithaca, SS Ithaca

☆ Department Stores Are Maxed Out
▼ + stars: | 2023-08-23 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/department-stores-are-maxed-out-1bb63395

Persons: Dow Jones

☆ ‘I’ve had this black cloud looming over me’: How private lenders have left millions of college students with no hope for the future
▼ + stars: | 2023-08-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +15 min

We both do DoorDash, and probably when those federal student loans start up, it'll be more of a necessity to do that." While private debt makes up just about 10% of the $1.7 trillion student-debt mountain in the US — about $136 billion — the industry has exploded over the past decade: the amount of outstanding private debt has jumped an estimated 47% since 2014. "Regardless, the student loan debt that was supposed to be an investment in their futures is dragging them down." To be sure, some private servicers do disclose benefits private borrowers could lose should they choose to refinance. Moran said he didn't regret taking out private student loans because it allowed him to pursue his desired nursing career.

Persons: Brianne Jones, Jones, she's, We're, it'll, Michele Shepard, they've, it's, Shepard, Suzanne Martindale, —, Anna Anderson, you've, It's, Navient, Martindale, Ryan Moran, Moran, Moran isn't, Joe Biden, I've, Anderson, forbearance, Steve Cohen, didn't Organizations: Eastern Michigan University, West, Federal Direct Loan Program, Institute for College, California's Department of Financial Protection, National Consumer Law Center, Consumer Financial, Bureau, Consumer Financial Protection Bureau, — Maryland Locations: Florida, —, California

☆ I took 2 500-mile drives in electric SUVs and experienced the good, the bad, and the ugly of EV road tripping
▼ + stars: | 2023-08-07 | by ( Tim Levin | ) www.businessinsider.com time to read: +8 min

I took two 500-mile mini road trips this year in two different electric SUVs. Here's what I learned during my adventures in the Toyota BZ4X and Genesis GV60. At their worst, EV road trips can be frustratingly long and stressful ordeals. Charging can take a frustratingly long time in the wrong carThe 2023 Toyota bZ4X AWD Limited charging. I learned charging slowly while you're parked can make EV road trips more seamless.

Persons: Tim Levin, — Organizations: Toyota, Morning, EV, Toyota bZ4X AWD, DC, Consumer Locations: New York City, Washington, Cape Cod, Washington ,, New York

☆ Are You Ready to Buy a Home? Should You Rent? Take Our Quiz.
▼ + stars: | 2023-08-04 | by ( Debra Kamin | ) www.nytimes.com time to read: +7 min

Before you even start looking, ask yourself a crucial question: Should I rent, or should I buy? A financial gut check First and foremost, the decision to rent or buy will depend on your financial situation. Unless you’re independently wealthy and ready to purchase a home with cash (if you are, why are you reading this article? The decision to buy a home isn’t only about finances, and owning isn’t right for everyone who can afford it. If the answer is exactly where you are, it might be a sign that you’re ready to buy.

Persons: Mark Conlan, Read, you’re, Don’t, you’ll, Sellers, it’s, I’ll Locations: Youngstown , Ohio, Manhattan

☆ Russia is raising its conscription age and calling up 70-year-olds in an effort to avoid another large-scale mobilization that could spark backlash, expert says
▼ + stars: | 2023-08-03 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

An expert on Russia said the government is likely trying to avoid another large-scale mobilization. Last week, Putin signed into law legislation that raises the maximum age for male conscription from 27 to 30 years old. One year of military service was previously required by Russian men ages 18 to 27 with conscriptions held twice a year. "But it's not "over there" when 200,000 people get roped into military service to go and fight this stupid and futile war," he added. The new conscription law is just one of several steps Russia has recently taken to address personnel shortages.

Persons: Vladimir Putin, Putin, conscriptions, Simon Miles, they've, that's, Miles Organizations: Service, Duke University's Sanford School of Public, Soviet Union, dodgers, New York Times, Institute for Locations: Russia, Ukraine, Wall, Silicon, Russian, Soviet, Crimea

☆ Jared Kushner's dad Charles, who Trump pardoned, gave $1 million to a Trump super PAC
▼ + stars: | 2023-08-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Charles Kushner donated $1 million to Trump's super PAC. Kushner, who Trump pardoned, was one of the largest individual contributors to the super PAC. Trump and his allies have burned cash at an alarming rate, making the donation even more important. Christie has long thought that putting Jared Kushner's father in prison led to him being blocked within Trump's orbit. Charles Kushner's donation was one of the largest to the pro-Trump "Make America Great Again Inc" super PAC has received from an individual contributor through the end of June.

Persons: Charles Kushner, Kushner, Trump, Donald Trump's, Chris Christie, he'd, Christie, Jared Kushner's, Murray Kushner, Charles, Jared's, Lee, Charles Kushner's, Maricopa County Sheriff Joe Arpaio, Eliyahu, Eli, Weinstein, doesn't, Edward DeBartolo Jr, of Famer Jerry Rice, DeBartolo, Ron DeSantis Organizations: Trump's, Trump, Service, The New York Post, Maricopa, Maricopa County Sheriff, Justice Department, San Francisco 49ers, of Famer, NFL, DeBartolo Jr, Florida Gov Locations: Wall, Silicon, Maricopa County, Florida

Such was the first day of DeSantis' "reboot" of his campaign in New Hampshire, the No. Before DeSantis began his speech, Michael Lunder, a 67-year-old businessman, said he was "probably going to support (DeSantis) financially." "I learned a few things that I didn't agree with, but, in general, I think I might support him," Lunder concluded. CAMPAIGN REBOOTIn the last two weeks, the DeSantis campaign has undergone a shake-up both in style and personnel, according to several people close to the campaign. He disagreed with DeSantis' position that support for Ukraine in its war with Russia is not a vital U.S. national security interest.

Persons: Ron DeSantis, sidled, Donald Trump, DeSantis, Scott Brown, Michael Lunder, Lunder, Frank Cimler, Joe Biden, Cimler, Gram Slattery, Ross Colvin, Howard Goller Organizations: Republican, U.S, Reuters, Democratic, Ukraine, Thomson Locations: RYE , New Hampshire, Florida, New Hampshire, Iowa, Trump's, COVID, Russia, U.S

☆ Americans flocked to Florida for low taxes and sunshine, but an under-the-radar cost of homeownership keeps rising: insurance
▼ + stars: | 2023-07-29 | by ( Jennifer Streaks | Senior Personal Finance Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Florida homeowners are dealing with rapidly increasing homeowners insurance rates. Due to inflation and severe weather, Florida insurance rates are expected to increase by 40% in 2023. The Insurance Information Institute projects that property insurance rates in Florida will increase by at least 40% in 2023. Increase your insurance deductibleIncreasing your homeowners insurance deductible generally will lower your insurance premiums. Were you in the military, or a member of an alumni association or employment association that offers insurance discounts?

Persons: Mark Friedlander, Friedlander, it's, Rick Sinkfield, Sinkfield, Ian, Freidlander, Floridians Organizations: Service, Insurance Information Institute, Communications, Insurance, United Property, UPC, Hurricane Ian, Florida Legislature Locations: Florida, Wall, Silicon, New York, New Jersey

☆ Real-estate investor Guido Nunez has built a portfolio of 150 units across multiple multifamily properties. He shares the refinancing and tax strategies he's used to continually snowball his wealth.
▼ + stars: | 2023-07-27 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

To scale up, he's used the BRRRR method and 1031 exchanges. One example of how Nunez has used the BRRRR method involves a property in Long Beach, California that he bought in 2015. For the 1031 exchange approach, Nunez did the same thing: he fixed up properties, forcing appreciation in them. To allow him keep all of the value he'd built up and not get taxed on it, Nunez used a 1031 exchange and bought other properties. When he believes he's maxed out a properties appreciation, he uses a 1031 exchange as opposed to a cash-out refinance.

Persons: Guido Nunez, he's, Guido Nunez's, Guido wasn't, He's, It's, Nunez, Dave Wieland — Organizations: Capital Locations: Long Beach , California

☆ I made up to $6,300 a month working 3 hours a day as a virtual assistant. Here's how I found and connected with new clients through Instagram.
▼ + stars: | 2023-07-21 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I focused on a client nicheI started working as a virtual assistant in January 2021. I connected with clients organically on InstagramI put all my time and effort into making my Instagram profile engaging. I'd find clients I wanted to work with and comment on their posts and respond to their Instagram stories. I'd have about five or six clients on the go at a time, and I'd work for each one every day. With each client, I'd explain on the call that I had a minimum length of four months for each contract.

Persons: Shannon Blanchard, Blanchard, —, What's, I'd, Jessica Hawks, creatives, they'd, I've Locations: Minneapolis, TikTok

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

Fitbit's Versa line of wearables remains some of the best fitness trackers on the market. Because Fitbit stopped selling the Versa 3, you may even consider a refurbished model of the device instead of upgrading to the Versa 4. Fitbit Versa 4 vs. Fitbit Versa 3: Smartwatch performanceOne of our biggest gripes about the Fitbit Versa 4 is its lack of support for third-party apps. Fitbit Versa 4 vs. Fitbit Versa 3: Health and fitness trackingRick Stella/InsiderTracking features are roughly identical for the Versa 3 and 4, which means there isn't much of an upgrade. Fitbit Versa 4 vs. Fitbit Versa 3: Battery lifeFinally, the Versa 4 can boast one advancement: The battery life is markedly better than the Versa 3's.

Persons: we've, Fitbit, Pink Clay, Rick Stella, it's, we're, hasn't, we'd Organizations: Google, Amazon Alexa, iOS Battery, Versa, Spotify, Walgreens, Fitbit, Apple

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

☆ How Jeffrey Epstein turned the US Virgin Islands into a pedophile's playground and helped elect a sitting member of Congress
▼ + stars: | 2023-06-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

Court filings show how Jeffrey Epstein exerted power in the US Virgin Islands, two of which he owned. A financier worth hundreds of millions of dollars, Epstein owned two islands in the US Virgin Islands (there are roughly 50 islands overall). He had donated generously to Democratic politicians from the US Virgin Islands for years. With the assistance of the US Virgin Islands' first lady, Epstein navigated the territory's political waters unscathed. The court records show that, at least in the US Virgin Islands, he exerted influence with little friction.

Persons: Jeffrey Epstein, Stacey Plaskett, —, Plaskett, Epstein, James, Lesley Groff, Scott Applewhite, Stacey, Thomas, didn't, Groff, maxed, Shawn, Michael Malone, Gabriel Lopez Albarran, Cecile de Jongh, John de Jongh Jr, de Jongh, Malone, De Jongh, Darren Indyke, Richard Kahn, Kahn, Groff didn't, Stuart McPhail, McPhail, Jeffrey Epstein's, Erika Kellerhals, Hi Jeffrey, Rick Friedman, Corbis, de, JPMorgan Chase, Ghislaine Maxwell, Epstein's, Maxwell, She's, Mary Erdoes, Jamie Dimon's, Jes Staley, Epstein's thrall, Jongh, Denise George, Albert Bryan Jr, Bryan, Jed Rakoff, Emily Michot, Bill Clinton, Donald Trump, Prince Andrew, Trump's, De, Epstein doled, John de Jongh's, Kenneth Mapp, John de Jongh, John, wasn't Organizations: Virgin Islands, Service, Democratic, US, Islands, Democratic Congressional, AP, Federal, Commission, Democratic Party, Virgin Islands Economic Development Authority, Southern Trust Co, de, Indyke, Democrat, Getty Images JPMorgan, US Virgin Islands, JPMorgan, Virgin, Hyperion, Barclays, Authorities, United States Virgin Islands, Virgin Islands Senate, Gov, New York Times, US Virgin, Deutsche Bank, U.S ., Miami Herald, Tribune, Getty, Federal Government, Mapp's PAC Locations: Virgin, Washington, Puerto Rico, Little St, Palm Beach , Florida, St, Croix, Manhattan, Islands, US Virgin, New York, U.S, U.S . Virgin Islands, Jongh, Tortola

See Insider's picks for the best personal loans >>Compare Personal Loan RatesHere's how you can get approved for a $20,000 loan from a credit union, bank, or online lender. $20,000 loan offersThere are plenty of personal loan options out there for folks shopping around for a good deal on a $20,000 loan. You can take out a loan as low as $5,000 and as high as $100,000, so a $20,000 loan is more than doable with SoFi. How to get a $20,000 loan FAQsHow much would a $20,000 loan cost per month? The monthly cost of a $20,000 loan can vary greatly based on the annual percentage rate (APR) and the terms of your loan.

Persons: —, It's, You'll, you'll, SoFi, Wells Organizations: Service, Social, National Credit Union Administration, Wells Fargo, Wells, PenFed Credit, Avant, Chevron Locations: Wells Fargo, Massachusetts , Ohio, New Mexico, Georgia

Credit score and history: Your credit score and history are key to getting your loan approved for a personal loan. How to qualify for a $10,000 loan with bad creditA good credit score is essential when getting approved for a $10,000 loan. $10,000 loan offersIf you're looking to take out a $10,000 loan, here are some lenders worth considering:LightStream is best for borrowers with excellent credit scores, but you can still qualify with a score as low as 660. How to get a $10,000 loan FAQsHow much would a $10,000 loan cost per month? The cost per month for a $10,000 loan can vary greatly based on the regular annual percentage rate (APR) and the terms of your loan.

Persons: —, you've, They're, LightStream, SoFi, Avant Organizations: Service, Social, National Credit Union Administration, SoFi, PenFed Credit, Avant, Chevron Locations: prequalification, Massachusetts , Ohio, New Mexico, Georgia

☆ What the Fed Rate ‘Pause’ Means for Your Money
▼ + stars: | 2023-06-14 | by ( Steve Garmhausen | ) www.wsj.com time to read: +6 min

By Steve GarmhausenFor months consumers have watched interest rates steadily climb. “This is the Fed just kind of waiting and seeing,” says investment adviser Brian Frank, in Key Biscayne, Fla.What does the Fed ‘pause’ mean? While no one knows where interest rates are headed, here is how to prepare yourself for three basic scenarios. If the Fed pulls away the football, stock prices could retreat. In that case, folks with higher mortgage rates can eventually refinance.

Persons: Steve Garmhausen, ”, Brian Frank, you’ve, Jon Foster, “, can’t, Frank, you’ll Organizations: Federal Reserve, Fed, won’t, Nasdaq Locations: Key Biscayne, Fla, Los Angeles

A man on Dave Ramsey's show seven years ago said half his income was going towards his car loan. He is now debt free after following Ramsey's advice, and helps others with their own finances. A man who appeared on Dave Ramsey's show seven years ago said the harsh advice he got helped turn his finances around — and that he's now debt free. Ramsey is an American radio host and evangelical Christian who is known for his financial advice. But Amirfarzaneh, who does not have any part in the lawsuit, said he appreciated Ramsey's advice because it was simple.

Persons: Dave Ramsey's, Faraz Amirfarzaneh, Ramsey, Amirfarzaneh, It's, he's, he'd Organizations: BMW, Toyota Avalon, Avalon, Toyota Locations: —, Los Angeles, American, Texas

There are many reasons why a credit card issuer could decide to reduce your credit limit. AdvertisementIntroduction to Credit Line DecreasesYou're cruising along with your favorite credit card when you get a notification that your credit limit's been lowered. How does a decreased credit line affect my credit score? A decreased credit line can increase your credit utilization ratio, potentially lowering your credit score. AdvertisementKeep your credit utilization low, make payments on time, regularly use your credit card, and maintain a stable income.

Persons: —, Banks, you've, You've, Equifax —, You'll Organizations: Service, Consumer Financial

☆ Mom and Dad of 14-year-old college graduate share their No. 1 parenting rule: We 'left no room for negotiating on his social skills'
▼ + stars: | 2023-06-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

From left: Mark Wimmer, Melissa Wimmer and Mike Wimmer, who graduated from college in May at age 14. Melissa and Mark Wimmer say they "never pushed" their son Mike to do homework — but they're hard-liners when it comes to him making friends. "I'll be honest, people expect 'Young Sheldon' before they meet Mike," Melissa tells CNBC Make It, referring to the CBS television show. The Wimmers are proud of helping Mike ensure his "social skills were in line with his intellectual skills," Mark says. "Mike will be the first one to say that his parents never pushed him as far as academics go, but [that] they left no room for negotiating on his social skills."

Persons: Mark Wimmer, Melissa Wimmer, Mike Wimmer, Melissa, Mike, isn't, Young Sheldon, Mark, You've, shuddering, he's Organizations: Mensa, Atlantic, Carolina University, CNBC, CBS, University, Buffalo Locations: Salisbury , North Carolina, Bermuda, lionfish

Middle-income households are less likely to have access to resources like Medicaid and food stamps. The report, by Drexel's Autism Institute, looked at the intersection of poverty, race, and health outcomes for autistic youth. Children with autism from middle-income households, or households at 200% to 399% of the federal poverty line, actually had the worst health outcomes out of all income classes. The first, Dr. Anderson pointed out, was that middle-income households are less likely to be eligible for Medicaid. While some states offer waivers for kids with autism from middle-income households, it's far from a universal practice.

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