Tag: culture differences
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Old Money vs New Money: A Reinforcement of Racial Hierarchies
Before diving into the crux of the issue, it’s essential to understand the underlying connotations. “Old Money” refers to families or individuals who have maintained their wealth over several generations. These families often pride themselves on traditions, lineage, and sometimes even blue-blooded ancestry. The term “New Money” is used to describe people or families who…
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Young Adults Credit Trajectories Very Widely by Race and Ethnicity
Today’s young adults are the most racially and ethically diverse cohort in U.S. history, yet legacies of structural racism still shape their economic prospects. Young adults divergent credit trajectories underscore this trend. An Urban Institute analysis survey that draws upon millions of consumer records from a major credit bureau find young adults in a majority…
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The Black Student Debt Crisis
Student loan debt–now the second largest type of debt after mortgages–exceeds even credit card debt. Currently, about 42 million Americans have student loans, making student debt relief an important issue among voters, especially young adults. For black college students, the weight of student loan debt can hinder their social and economic stability. Research shows 86.6%…
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Social Issue of Poverty in America
The perception of poverty in America critically contributes to the deepening the social divide between the elite and the impoverished. In the past, the focus has been on how the individual encourages patterns of poverty without representing the country’s societal failings. It’s essential to analyze the history of political and economic frameworks to understand…
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Black Lives Matter: Ten Years Later. Has It Lost Its Luster?
Ten years after the Black Lives Matter hashtag first appeared on Twitter, about half of U.S. adults (51%) say that they support the BLM movement. Three years ago, following the murder of George Floyd, 2/3rds expressed support for the movement. In assessing the impact of the Black Lives Matter movement, 32% say it’s been highly…
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The Psychological Toll of Student Debt
Well, the United States Supreme Court did it again. They ruled that President Biden’s student loan program where $20,000 of debt was to be forgiven will NOT be forgiven, leaving many former college students to continue on paying their debts in October of this year, for it was on pause due to the global pandemic.…
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The Affirmative Action Policy as a Debatable Topic
Affirmative action policy is an action to provide rights and privileges to groups that have been previously been discriminated against based on race, color, nationality, creed and gender. The first attempt to eliminate all types of discrimination and social inequality in the united States was started by President John F. Kennedy when he signed Executive…
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Traveling in the Broad and Local Context: Personal Experiences
Traveling is an exciting activity that brings both enjoyment and knowledge: every person can find something unique visiting other cities and countries. Some people travel to learn something new about other countries and continents; others would like to change their environment or enjoy new experiences. In the broad text, when I think about the place…
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What Does Freedom Mean to Me?
Freedom is an inate right that we as humans have had since birth. Freedom is not something that can’t be touched, seen, smelled or feeled. All this gives the vague idea of freedom. But what does it mean to ME? Different people have different opinions, definitions, and thoughts about the idea of freedom. Some speak…
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How Does Globalization Impact Consumers?
What effect does globalization have on consumers? This question has been highly debated by economists. Some believe that consumers will be negatively affected by globalization with greater economic stability and multiple financial crisis while corporations receive record profits. Other experts are of the opinion that globalization will provide customers with more wealth, more goods at…