Recession, in simple terms, is a significant, widespread contraction in economic activity over a period of time. In my adulthood, I’ve experienced three recessions: the “dot-com bust”, the Great Recession, and the COVID-19 pandemic-induced recession. Of these, the Great Recession, which spanned from December 2007…
Inflation 101: What You Need to Know
Who’s the richest person in US history? The answer is John D. Rockefeller (1839-1937). By the time of his death, his net worth was $1.4 billion, representing 1.5% of the entire US economy’s output then. Adjusted for inflation, his fortune would be worth $410 billion…
“Buy Now, Pay Later”… and Regret Forever?
Unboxing shopping hauls. Vacationing at a luxury resort in Maui. Devouring a Wagyu steak sprinkled with gold flakes at the hottest restaurant in town. Meticulously curated flaunts such as these are all over our social media feeds, making us want to have the same experiences. …
Not Worth Trying to Be The Joneses
Average length of novels: 300-400 pages Average time of a podcast episode: 40 minutes Average number of posts on a social media platform for scrolling: Infinite In today’s digital age, we can’t live without our smartphones. We take photos of our food. We shop online. …