Latest news with #KHON
Yahoo
17 hours ago
- Business
- Yahoo
Americans just wiped out $48B in credit card debt: Here's how
HONOLULU (KHON2) — In early 2025, Americans made significant progress in reducing their credit card debt. According to a new report, during the first quarter of 2025, consumers in the United States paid off approximately $48 billion in credit card debt. This brought the total national credit card debt down to about $1.29 trillion, which is $206 billion below the all-time high recorded in 2007. The average credit card debt per household stood at $10,767 at the end of Q1 2025. This figure is $2,156 less than the record set in 2007, indicating that households are managing their credit card balances more effectively. Several factors contributed to this decrease:Higher interest rates: Credit card interest rates exceeded 20% annually, making borrowing more expensive. This likely encouraged consumers to pay down their balances to avoid high finance charges. Increased consumer awareness: There has been a growing awareness about the importance of managing personal finances, leading more people to budget carefully and reduce unnecessary spending. Economic factors: Changes in the economy, such as inflation and shifts in employment, may have prompted consumers to be more cautious with their credit card usage. It's important to note that while the overall debt decreased, the charge-off rate — which represents debts that credit card companies consider unlikely to be repaid — increased by 4.24% during Q1 2025 and reached 4.67%. You can click here to read the full report. The early part of 2025 saw Americans taking meaningful steps to reduce their credit card debt, and this was influenced by higher interest rates and a heightened focus on financial health. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 However, the rise in charge-off rates suggests that some consumers still face challenges in managing their debt. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21 hours ago
- Business
- Yahoo
Hawaiʻi's highest paying careers, professions
HONOLULU (KHON2) — In Hawaiʻi, particularly in Honolulu, the highest-paying jobs are predominantly in the healthcare sector. There are some options with some notable positions in executive leadership and specialized technical fields. did a bit of digging, and here's an overview of top-earning professions based on recent data. Orthopedic surgeons make approximately $554,600 annually in Honolulu. This ranks the career amongst the highest in the nation. Dermatologists earn around $366,600 per year statewide. General surgeons earn about $428,030 annually. Chief executives have the potential to ear approximately $301,690 per year. Ophthalmologists earn around $271,460 annually. Nurse anesthetists earn about $218,750 per year. Family medicine physicians bring in approximately $215,180 annually. Obstetricians and gynecologists earn around $248,080 per year. Psychiatrists can earn about $152,700 annually. General dentists bring in approximately $177,820 per Traffic Controllers earn around $182,698 annually. Architectural and engineering managers have the potential to earn approximately $136,340 per year. Optometrists earn about $138,480 annually. Postsecondary education administrators can earn approximately $127,110 per year. Computer and information systems managers tend to earn around $129,830 annually. Financial managers bring in approximately $119,450 per year. Medical and health services managers earn about $117,210 annually. Data scientists make approximately $112,330 per year. Real estate brokers have the potential to earn around $123,880 annually. First-line supervisors of police and detectives earn approximately $120,740 per year. Detectives and criminal investigators earn about $115,050 annually. Transportation, storage and distribution managers earn approximately $113,840 per year. Elevator and escalator installers and repairers can earn around $113,480 annually. If you're considering a career path in Hawaiʻi, then focusing on the healthcare sector, executive roles or specialized technical fields can be financially rewarding. To find out more from the United States Bureau of Labor Statistics, click . Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 For further information on job opportunities and requirements, you might explore resources and seek mentors that help you navigate these careers and professions. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
5 days ago
- Business
- Yahoo
Hawaiʻi goes from 3rd worst to 3rd best: Check this out
HONOLULU (KHON2) — We recently learned that Hawaiʻi has the third-worst economy in the United States, but a new report shows us a different side of the state. Hawaiʻi has been ranked the third most prepared state for natural disasters in the United States. That's according to the new 2025 data study. Only Vermont and Massachusetts ranked higher. 7 things to know now that Hawaiʻi's in hurricane season This list looked at 14 measures that included emergency planning, disaster funding and how well a community can bounce back. The report used numbers from the U.S. Census Bureau, FEMA and other government sources. Hawaiʻi earned high marks for its disaster prevention plans and funding. It also ranked well in disaster risk and recovery. Out of 50 states, Hawaiʻi placed sixth for its planning and seventh for disaster risk and lasting damage. For resilience and support systems, Hawaiʻi ranked 22nd. Hurricane season is approaching. These tips can save your family These scores show that Hawaiʻi has invested in strong disaster plans and has support in place for when something goes wrong. With hurricanes, floods and other disasters always a threat, being prepared ranking is based on a comprehensive evaluation of various factors that contribute to disaster preparedness. Hawaiʻi's high position reflects its efforts in areas such as infrastructure, planning and community resilience. Several elements have contributed to Hawaiʻi's strong preparedness ranking, according to the report: Resilience infrastructure and support capacity: Hawaiʻi has invested in building robust infrastructure and support systems to withstand and recover from disasters. Disaster prevention planning and funding: The state has developed and funded comprehensive disaster prevention plans to mitigate risks. Disaster risk and lasting damage: Hawaiʻi has implemented strategies to reduce disaster risks and minimize long-term damage. You can click to read the full report. While Hawaiʻi's ranking is commendable, ongoing efforts are essential to maintain and enhance disaster preparedness. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 Continuous evaluation and improvement of strategies ensure the state remains resilient in the face of future challenges. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
5 days ago
- Yahoo
Top 10 places for camping adventures in Hawaiʻi
HONOLULU (KHON2) — Camping in Hawaiʻi lets you sleep under the stars, listen to the ocean and wake up in nature all in the remotest place on earth. From the mountains to the sea, each island has special places to set up a tent and enjoy the outdoors. Here are Hawaiʻi's top 10 camping options that will leave you wanting to forego societal obligations. 1. Kokeʻe State Park, KauaʻiLocated in the mountains above Waimea Canyon, this park has cool air, hiking trails and amazing views. You can click here for more information and reservations. 2. Polihale State Park, KauaʻiThis remote beach has white sand, dunes and a wide-open sky. The road is rough, but the sunset is worth it. You can click here for more information and reservations. 3. Bellows Field Beach Park, OʻahuThis family-friendly spot has soft sand and gentle waves. It's only open for camping on weekends and can click here for more information and reservations. 4. Malaekahana Beach Campground, OʻahuCamp just steps from the ocean. There are restrooms, showers and even various sizes of cabins to rent. You can click here for more information and reservations. 5. Ho'omaluhia Botanical Garden, OʻahuThis peaceful campground is set in a rainforest. It's free and perfect for families. You can click here for more information and reservations. 6. Waiʻānapanapa State Park, MauiFamous for its black sand beach, this park also has sea caves, lava tubes and hiking trails. You can click here for more information and reservations. 7. Hosmer Grove, MauiLocated inside Haleakalā National Park, this cool mountain campsite is a great place to stargaze. You can click here for more information and reservations. 8. Spencer Beach Park, Hawaiʻi IslandCalm waters and shady trees make this a good choice for families. Sea turtles are often seen nearby. You can click here for more information and reservations. 9. Kīholo State Park Reserve, Hawaiʻi IslandThis quiet beach is known for tide pools, lava rocks, and clear blue water. You can click here for more information and reservations. 10. Punaluʻu Black Sand Beach, Hawaiʻi IslandCamp near one of the most famous black sand beaches in the islands. Keep an eye out for honu (sea turtles) resting on shore. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 You can click here for more information and reservations. Always check rules before you go, get the right permits, and respect the land. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
6 days ago
- Business
- Yahoo
Hawaiʻi ranks 3rd worst economy: 3 takeaways from new report
HONOLULU (KHON2) — In 2025, Hawaiʻi's economy ranked 49th out of all U.S. states, according to a new annual analysis. This low ranking highlights several challenges our state faces in economic activity, innovation and high-tech industry presence. Here's what we know from the report: The report evaluated states across 28 indicators. These included gross domestic product (GDP) growth, export activity, startup formation and employment in high-tech sectors. Hawaiʻi's performance in these areas was as follows: Overall Rank: 49th. Economic Activity: 47th. Economic Health: 31st. Innovation Potential: 49th. Government surplus: 3rd. Average educational attainment of recent immigrants: 5th. Notably, Hawaiʻi ranked 51st in exports per capita and 50th in the percentage of jobs in high-tech industries. These figures indicate a limited presence in global trade and a relatively small high-tech sector compared to other factors have been identified that contribute to Hawaiʻi's economic challenges: High cost of living: The state has the third-highest cost of living in the nation. This impacts both residents and businesses. Utility costs are particularly high, and taxes on both individuals and corporations are above average. Limited export activity: Hawaiʻi's exports per capita are the lowest in the country. It reflects a lack of diversification in trade and reliance on a narrow range of industries. High-tech industry presence: The state's low ranking in high-tech employment suggests challenges in attracting and retaining technology-driven businesses and talent. Despite these challenges, Hawaiʻi's economy is projected to grow by 1.7% in 2025. This growth is expected to be driven by sectors such as construction, real estate, and tourism, according to Hawaiʻi DBEDT. However, the state's growth rate remains below the national average which indicates that Hawaiʻi's economic recovery may be slower compared to other states. You can click to read the full report. Hawaiʻi's 49th-place ranking in the 2025 economic performance study underscores significant challenges in economic activity, innovation and high-tech industry presence. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 Addressing these issues will require targeted efforts to diversify the economy, reduce living costs and foster growth in high-tech sectors. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
