Articles for author: Axel Wellington, B.Sc. Economic Policy

Why More People Are Automating Their Finances This Year

Why More People Are Automating Their Finances This Year

Increased Financial Awareness Increased Financial Awareness (image credits: unsplash) There has been a noticeable upswing in financial awareness among people across various age groups and demographics. A survey from the National Endowment for Financial Education highlighted that over 70% of adults now feel more equipped with financial knowledge compared to five years ago. This newfound ...

"Savings vs. Investing in 2025: Where Are Americans Putting Their Money?"

“Savings vs. Investing in 2025: Where Are Americans Putting Their Money?”

vs. Investing in 2025: Where Are Americans Putting Their Money? Current Trends in Savings Current Trends in Savings (image credits: unsplash) As of 2025, economic uncertainties have led Americans to prioritize savings more than ever. The personal savings rate, which saw a significant increase during the pandemic, still hovers higher than pre-pandemic levels. According to ...

Financial Privilege: The Hidden Advantages No One Talks About

Financial Privilege: The Hidden Advantages No One Talks About

Understanding Financial Privilege Understanding Financial Privilege (image credits: pixabay) Financial privilege is a concept that is not always openly discussed, yet it plays a crucial role in shaping life opportunities. It refers to the benefits and advantages that individuals or groups enjoy due to their financial status. These advantages manifest in various ways, such as ...

How the Gig Economy Is Creating a New Class of Wealth and Poverty

How the Gig Economy Is Creating a New Class of Wealth and Poverty

Definition of the Gig Economy Definition of the Gig Economy (image credits: pexels) The gig economy is a modern labor market characterized by short-term contracts and freelance work, as opposed to traditional full-time employment. It has grown significantly due to platforms like Uber, Lyft, and Upwork, which offer flexible work arrangements. According to McKinsey, about ...

How Social Class Affects Your Money Mindset Without You Realizing It

How Social Class Affects Your Money Mindset Without You Realizing It

Understanding Money Mindset Understanding Money Mindset (image credits: pexels) Money mindset is essentially how we think about money, and it can shape every financial decision we make. It’s like having a pair of glasses through which we see our financial world. People from different social classes often wear different “glasses,” influencing their attitudes toward spending, ...

The Billionaire Philanthropy Myth: Do the Rich Really Help Society?

The Billionaire Philanthropy Myth: Do the Rich Really Help Society?

The Illusion of Generosity The Illusion of Generosity (image credits: pexels) Billionaires often make headlines with their charitable donations, but the reality of their generosity is more complex than it seems. Many people believe that these wealthy individuals are making significant contributions to society through their philanthropy. However, a closer look reveals that the impact ...