A surge of unemployment has shaken the US economy in light of COVID-19. American businesses, small and large, are experiencing record-low sales, record-high layoffs, and a six-month forecast that is anything but certain. In order to subdue the coronavirus outbreak, public health officials are telling Americans to wear a mask, avoid face-to-face contact, and shelter-in-place. With over 5 million confirmed cases in the US as of August 2020, not only is our health at risk but our livelihoods as well.

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The Current Impact of COVID-19

As the vast majority of citizens of the United States and the world lockdown, economic activity and spending are rapidly…

These past few weeks of heightened activism highlights that our nation is waking up to the injustices that our communities have faced for decades. Every person with common sense can acknowledge the rawness of the abuse people of color experience in this country, from the ongoing indignities to the extreme violence, like the horrendous killing of George Floyd. Why does racism still exist? Our country has overcome many social, economic, and political barriers, yet racism is still prevalent in our society. Systemic racism, or institutional racism, is a form of racism expressed in the practice of social, economic, and political…

“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. Illiteracy, both in words and numbers, is the foundation of financial struggle.”

Robert Kiyosaki

It’s no secret Americans fall short when it comes to financial literacy. In fact, only 57% of the U.S. adult population is financially literate, which is only slightly higher than that of Botswana, whose economy is 1,127% smaller. Financial illiteracy affects every part of society. …

The Federal Reserve, commonly dubbed as the “Fed,” is the gatekeeper of the U.S. economy. Its role is to regulate the nation’s financial institutions, such as banks, credit unions, etc. It’s always important to keep an eye on markets when it comes to the Fed meetings. The current chair is Jerome Powell. But before you listen to what he says, you must understand the roots of the Fed itself.

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Origins of the Federal Reserve: The Panic of 1907

Bank failures in the past, business bankruptcies, and economic disruptions led to the Federal Reserve. More specifically, the Panic of 1907 served as the catalyst for the Fed’s creation. The trigger…

Economics is something everyone has heard of, mostly when talking about money. It relates to money and the stock market, but it isn’t the study of those two things. But, it underlies every decision related to the money we make, including making investments. But how exactly does it tie into investing? Well, the economic way of thinking — rational choices, opportunity cost, etc. — certainly applies to investing and life in general. For example, the idea of opportunity cost applies to investing because of the comparison of different types of investments. Opportunity cost is what it sounds like: the cost…

Matthew Lim

student w/ a passion for finance and other things

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