You probably hear the term “inflation” often. You may know that the price of goods and services increase as a result of it, but do you know why it happens and what makes prices increase so significantly? If not, don’t worry, because you’re not alone. Ask anyone what inflation means and they’ll likely tell you it’s about a rise in the cost of […]
Since its creation in 1913, the Federal Reserve has played a pivotal role in the United States’ economy. Based in Washington D.C., the Federal Reserve is led by the Board of Governors and has 12 Federal Reserve Banks located throughout the country. While the Federal Reserve cannot directly predict the economy’s future because of unforeseen events such as war, technological […]
Let’s face it, people are getting just a little bit fed up with the banks. Everything comes with a fee, customer service leaves something to be desired, and there’s always a news story about the industry posting record profits year in and year out. Consumers are getting frustrated with the rising costs that come with the privilege of allowing the […]