https://money.com/health-insurance-premiums-increase-2024/
Not only are student loans coming due, car and mortgage loans getting extremely expensive, but we are about to see huge increases in the cost of health insurance. The linked article says it will be an increase of 6.6% but I just was notified of a 16% increase along with higher co-pays and a reduction of some benefits. I work for a very large employer so this isn’t some no name insurance. Private insurance is going to increase even more then that. What is max pain for retail investors before they can’t keep putting money into 401ks and personal investing accounts? Inflation increasing again so we won’t see rate cuts anytime soon. I’m not usually a perma-bear but this is going to get ugly for middle-income households and it is already painful at lower-income households. Significant wage increases are being followed up by health insurance companies holding out their hands and wanting a bigger chunk of workers paychecks. Vendors want more money. Try affording cloud storage for data / documents but then again, you can’t afford to not pay for it. All subscription prices have increased from Apple One to All Trails. I don’t know what is holding this market up.
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