Entries by Elyssa Carlos

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 […]