Get an Education, Even if It Means Borrowing
If your savings, grants, and scholarships aren?t quite enough to cover the cost of education after high school, don?t overlook student loans. These loans may help you gain the education you need to make the big bucks.
Bankruptcy: When All Else Fails
For most people, bankruptcy should be avoided. Reducing the possibility of bankruptcy starts with good financial preparation. Preparation includes developing your human capital to earn a higher income, establishing and living on your budget, saving money, and paying your bills on time. If disaster strikes, it is important to know that bankruptcy is an option, albeit a last resort.
Beyond Inflation Numbers: Shrinkflation and Skimpflation
Inflation numbers are important economic indicators. But thinking beyond the numbers reveals a deeper reality. For example, how do businesses respond to inflation? Some resort to shrinkflation and skimpflation. Learn about these practices and their effects on consumers in the December 2022 issue of Page One Economics®: Focus on Finance.
Beyond the Hype: An Introduction to Crypto Assets
Crypto assets have increasingly occupied news headlines and the minds of many consumers. While initially introduced as a payment system, crypto assets are seen by many as an enticing investment opportunity. This issue of Page One Economics® introduces crypto assets, blockchain technology, and the emerging crypto universe.
Fast Cash and Payday Loans
Payday loans are convenient and provide FAST cash to cover emergency situations or help pay a borrower?s expenses from one paycheck to the next. But the fee-based structure of payday lending is quite different from a traditional loan, and laws vary among the states. The April 2019 edition of Page One Economics: Focus on Finance takes a look at the structure and fees that make these loans costly.
Making Sense of the National Debt
The current total national debt is over $22 trillion—and growing—with no reduction in sight. How much debt is too much? Are there risks from too much debt? This issue of Page One Economics addresses these questions and how government debt differs from household debt.
Minding the Output Gap: What Is Potential GDP and Why Does It Matter?
Potential output is an estimate of what the economy could produce. Actual output is what the economy does produce. If actual is below potential -- a negative output gap -- there is "slack" in the economy. If actual is above potential -- a positive output gap -- resources are fully employed, or perhaps overutilized. This issue of Page One Economics explains how the output gap is useful for checking the health of the economy. It also points out how errors in the estimation of potential real GDP can reduce the effectiveness of policy.
Automation and the Minimum Wage
This issue explains how a higher mandated minimum wage may lead some firms to substitute capital for labor, likely reducing job opportunities.
Where can borrowers get loans when banks and credit unions aren?t an option? Maybe a low credit score, lack of collateral, or small loan amount don?t fit with large lending sources. The November issue of Page One Economics: Focus on Finance describes a growing trend?peer-to-peer lending?as an alternative for borrowers and potential investment opportunity for lenders.
The Importance of Diverse Perspectives: Strategies for Supporting Women in Economics
There is a lack of diversity in the field on economics, which limits the range of perspectives during research and policy discussions. Without diverse perspectives, economists are in danger of not identifying key parts of a problem and not considering a full array of solutions. This Women in Economics special issue of Page One Economics presents the case that diversity among economists is needed to gain a wider perspective during economic research and policy development.