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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

5 Travel Trends to Watch in 2016

December 10, 2015 1:51 am

From in-flight tablet holders to “space bins,” travelers will see many an innovation in the coming year, according to a recent report by Cheapflights.com. Trends to watch include:

• Extreme long-haul flights, thanks to declining oil prices. Emirates will launch a 17-hour, 35-minute fight from Dubai to Panama City starting in February, and Singapore Airlines has plans for a 19-hour flight from Singapore to New York beginning in 2018.

• Airplane design changes, such as charging pads, tablet holders and extra wide seats. There has been a flurry of patents set to re-engineer passenger seating and cabin configurations, as well.

• Tracking technology for unaccompanied minors so parents can see where their children are at any given moment. Child-free zones will also come into play.

• “Space bins” that offer more space than the traditional overhead compartment. Alaska Airlines is leading the pack, putting “space bins” into service by 2017.

• Supersonic flying, with the goal of traveling from New York to London in just 90 minutes. Initiatives by Airbus, Lockheed Martin and up-and-comer Skreemr are all underway.

Source: Cheapflights.com

Published with permission from RISMedia.


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A Picture of Household Debt in America

December 10, 2015 1:51 am

Household debt—including mortgages, credit cards, student and auto loans—has reached $11.9 trillion, a sign of progress for the economy, according to a recent report by NerdWallet (www.nerdwallet.com). Though many connote debt with a negative financial situation, certain kinds can be beneficial to building credit, including mortgages and auto loans.

“It's alarming that household debt is on the rise, but it's also important to recognize that not all debt is created equal," says Sean McQuay, credit card associate at NerdWallet. “Under the right circumstances, mortgage, student and auto loan debt can be helpful in building a bright financial future. That said, it's critical for Americans to understand their debt and recognize that certain types of debt are unnecessarily costly.”

Mortgage debt owed by the average household totals $165,892, according to the report. Credit card debt owed by the average household totals $15,355; student loan debt owed by the average household totals $47,712; auto loan debt owed by the average household totals $26,530.

The report also finds the average household is paying $6,658 in interest, which equals approximately 9 percent of the average household income ($75,591).

Source: NerdWallet

Published with permission from RISMedia.


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