New Data from Nonprofit MMI Reveals Rise in Men Seeking Credit Counseling Despite Higher Incomes"Traditionally, we've always seen more women reaching out for help, but this past year, we're seeing an increase in men - particularly single men - making use of our services.” - Thomas Nitzsche, VP of Public Relations, MMI
Millennial Money Crunch: Nonprofit MMI Warns of Debt Surge as Inflation and Tariff Pressures Mount“The increasing number of young adults reaching out for financial counseling is a clear indicator of the mounting economic pressures they face.” - Thomas Nitzsche, VP of Public Relations, MMI
Nonprofit Money Management International Reports Dramatic 54% Surge in Hispanic Clients Seeking Credit Counseling as Financial Disparities Widen“These numbers are more than statistics—they represent families struggling to make ends meet." | “Estas cifras son más que estadísticas—representan a familias luchando para llegar a fin de mes." - Emanuel Rivero, Vice President of Operations at MMI
Money Management International Reports Surge in Debt Counseling in 2024, Disproportionate Increase Among Young AdultsNonprofit credit counselor sees 35% increase in demand, 11% increase in housing costs, 8% increase in unsecured debt, and 7% increase in monthly expenses among new clients
Disaster Recovery Costs Soar: Project Porchlight Reports 30% Increase in Expenses for Survivors“From skyrocketing housing costs to mounting unsecured debt, the financial toll of natural disasters has pushed many families to their breaking point.” - Kate Bulger MMI’s Vice President of Business Development
Credit Counseling Surge at Money Management International Shows Housing Cost HotspotsData details the impact in high-cost areas, including metro areas in California, Florida, New York, Oregon, and Washington
More Than 4 in 5 Americans with Credit Card Debt Say They Have Struggled to Make Ends Meet This YearInflation and rising costs drive more people to seek nonprofit credit counseling, especially young adults and Hispanic Americans
Free Financial Recovery Assistance Available for Survivors of Recent HurricanesNonprofit Money Management International helps those impacted by Hurricanes Helene and Milton through Project Porchlight
Don’t Be Fooled: Fed’s Interest Rate Cut Has Almost Zero Effect on Your Credit Card DebtNonprofit credit counselor explains why consumers carrying high-interest credit card debt will see little to no relief from recent rate cut
The American Red Cross Awards Nearly $1.4 Million to Money Management International for Hawaii Wildfire Recovery EffortsProgram to deliver financial resiliency and housing stability services to hundreds of Hawaiians, increase capacity of local organizations
Money Management International Launches Initiative to Reach Underserved Communities with Grant from JPMorgan ChaseFunding will enhance online service delivery nationally and support one-on-one financial counseling in ten select cities
MMI Sees Dramatic Increase in American Consumers Struggling with Debt, Middle Class Hardest Hit“The debt levels of American households continue to climb. We're now seeing higher-income earners reaching out for help in unprecedented ways. These are concerning trends that we are tracking closely.” - Michelle Jones, Chief External Affairs Officer, MMI
Money Management International (MMI) Expands Services in Detroit and Minneapolis“Thanks to MMI I’m more disciplined now in terms of the choices I make. Some things you’ve just got to say no to…” - Angela Davis, Detroit
Money Management International Launches MMI Consumer Distress Dashboard to Illuminate Consumer Financial Trends Across the US“Perfect storm” of inflation, record-high credit card interest rates, and post-pandemic spending creates notable data migrations at nonprofit credit counselor
Nonprofit Money Management International (MMI) Reveals Insights on the Hispanic Financial ExperiencePivotal research supported by JPMorgan Chase will enhance financial wellness efforts within the Hispanic community
Nonprofit MMI Provides Help to Americans Drowning in Holiday Debt“The holidays are over. Now it’s time to survey the financial damage. Don’t panic, but come up with a plan to be debt-free in 2024. MMI is here to help with the first step.” - Thomas Nitzsche, MMI
Nonprofit MMI Data Shows Requests for Mortgage Help Increased 90% Compared to a Year Ago“These trends are contributing to significantly higher levels of financial stress overall.” -Kate Bulger, Vice President at MMI
Consumer Credit Counseling Service of Maryland and Delaware Announces Merger with Money Management InternationalNonprofits Join as Demand for Financial Counseling Increases in Wake of Inflation, Interest Rate Hikes, and Student Loan Forbearance Expiration
Money Management International Announces 2023 Financial Literacy and Education in Communities (FLEC) AwardsJournalists and media professionals honored for their valuable contributions to community financial literacy at the local and national levels
Nonprofits Money Management International and SaverLife Announce Financial Wellness PartnershipAgreement provides expanded services and resources to individuals who need support with credit, debt, and savings goals
Nonprofit MMI Warns Credit Card Debt Hitting Young Consumers HardestStudent loans will add to the squeeze as payments resume in August, especially if forgiveness is struck down
Poll: Over 4 out of 5 Active Duty/Veterans Have Been in DebtMore than half have used credit card debt relief in their lifetime
Nonprofit Money Management International Receives Grant from USAA to Expand Mobile Financial Crisis CounselingFunding Will Help Transform Debt Relief Counseling into a Fully Mobile Experience and Reach More Underserved Families
Nonprofit MMI Offers Help to Consumers Drowning in Holiday Debt“The holidays are over. Now it’s time to survey the damage. Don’t panic, come up with a plan to be debt-free in 2023. MMI is here to help with the first step.” Thomas Nitzsche, MMI
As Possible Recession Looms, Money Management International Warns Consumers to Prepare for LayoffsAs economists talk of an impending recession, nonprofit credit counselors advise to prepare now for tough economic days ahead.
Nonprofit Credit Counselor MMI Will Help Consumers Save Thousands as Fed Looks To Raise Interest Rates AgainAmid Rising Inflation, Fed Has Hiked Rates Several Times This Year With Two More Hikes Anticipated Before Year’s End
