Articles for category: Money & Society

Why Food Prices Are Rising Faster in Some Countries Than Others

Why Food Prices Are Rising Faster in Some Countries Than Others

Global Supply Chain Disruptions Global Supply Chain Disruptions (image credits: unsplash) The COVID-19 pandemic has left a profound impact on global supply chains, causing significant disruptions that have led to shortages and increased costs for food production and distribution. The World Bank highlights that these supply chain issues have caused shipping costs to rise by ...

Why Some People Always Struggle Financially No Matter How Much They Earn

Why Some People Always Struggle Financially No Matter How Much They Earn

Lack of Financial Literacy Lack of Financial Literacy (image credits: pixabay) Understanding basic financial concepts is akin to learning how to ride a bike; without the right knowledge, you’re likely to stumble. A National Financial Educators Council survey highlights a staggering 60% of Americans failing a basic financial literacy test. This lack of understanding can ...

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: Wikimedia) Money mindset is a term that encompasses the beliefs and attitudes we hold about money. These beliefs can shape how we think about spending, saving, and investing. For instance, someone with a positive money mindset might view money as a tool for creating opportunities, while someone ...

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 ...