NJ: 1 in 4 Adults Moving Back In With Parents, 100k Residents Lose Health Plan Under Obamacare
1 in 4 adults in NJ moving back in with parents.
According to the US census Bureau, at least 1 in 4 N.J. adults, ages 18-31 live at home and 42% are 24 or older. Experts call it an “epidemic” of millennials leaching off their parents, but does a bad economy and student loan debt crisis justify the situation?
A new survey from Coldwell Banker says parents in the Northeast region are more lenient on this than anywhere else in the US on children moving back home.
Over 100K New Jersey Residents to Lose Their Affordable Health Plans under Obamacare
The latest casualty of Obamacare may be a low-cost New Jersey health-care policy. Though President Obama promised “if you like your health care plan, you’ll be able to keep your health care plan, period,” that will not be the case for approximately 106,000 New Jersey residents whose plans will disappear under the law.
Known as the “basic and essential,” or B&E, health-care plans, the policy costs as little as a couple hundred dollars per month and is the choice of 71 percent of New Jersey residents on the individual insurance market. It provides minimum coverage for things such as doctor’s visits and procedures that don’t involve a hospital stay. According to the Newark Star-Ledger, B&E policy holders will, under Obamacare, “be left with may be a choice among pricey, pricier and priciest” plans.