Entries by Elyssa Carlos

Increasing Debt in Younger Creditors

October 6, 2022 in /by

It’s not news that as of late income levels have not been enough to cover the rising costs of living. This has prevented individuals and families from savings, investing, and building wealth overall. Even worse, it has led to an increase in total non-mortgage debt among younger creditors, especially those in their 20s and 30s. […]

Immigrants & Unsecured Debt

September 22, 2022 in /by

Exploring how U.S. consumers utilize credit can be indicative of the economy as a whole, especially when looking closely at the behaviors of immigrants in the country. Recent studies have found that immigrants have the tendency to be underbanked, in other words, they are less inclined to have unsecured debt such as loans that are […]

Inflation vs. Recession: What’s the Difference?

September 7, 2022 in /by

During economic discussion, we hear the terms “inflation” and “recession” quite often. While the two terms are often assumed to be similar, or steppingstones for each other, they actually have opposite effects on the economy.   Inflation  Inflation occurs when prices of goods and services increase over time.  Put simply, inflation is the reason a gallon […]