Maxwell Arias
Maxwell Arias is a senior at the Wharton School of the University of Pennsylvania studying finance and behavioral economics originally from the greater Philadelphia area.
Max Arias How Can Financial Literacy Combat Wealth Inequality? - WFMJ.com. Maxwell Arias Explains the Stimulus and Inflation. 2020 has been a year like no other in American history, and we cannot yet know what major effects still lie down the road from COVID-19.
One thing we can be certain of, however, is that the stimulus sent to Americans as relief from the financial squeeze of mass unemployment will affect the economy in both the short and long term. However, a thorough analysis of the stimulus by those with backgrounds in economics, like Max Arias of the Wharton School, reveals that there’s some evidence to show that the long-term effects may not be what we think. Specifically, Maxwell Arias has ideas that the spending might not hike inflation, a major concern of some economists. The link between stimulus and inflation is fairly clear on paper, says Max Arias: more money pumped into the economy as emergency relief means that each individual dollar is worthless, just like how nobody is willing to pay $100 for a gallon of milk when each grocery store has hundreds and hundreds of gallons.
Stimulus Payments And Inflation Go Hand In Hand? Max Arias Says No. The COVID-19 crisis has hit the United States hard, and financial experts had differing opinions on how the pandemic stimulus payments would affect the economy.
Some felt that these payments would cause inflation, essentially rendering such payments ineffective over time. Max Arias of Wharton School is studying behavioral economics, and he believes the stimulus payments were a smart move. “Essentially it’s not a stimulus but rather restitution for forced shut down of economic activity similar to the takings clause” says Max. Max Arias of Wharton School says that it’s important to understand when and why inflation occurs. “Inflation only occurs when disposable income and aggregate spending habits of people in an economy increase, supporting higher prices for products and market wages, or when the value of a currency depreciates relative to others,” according to Max Arias of Wharton School. Maxwell Arias: Financial Literacy as a Way to Combat Wealth Disparities. Learning About Finance Can Fight Wealth Disparities Across Various Groups and Communities explains Maxwell Arias Wealth disparities are found all across the country, particularly among Black and Latino communities.
These wealth disparities are generational. Maxwell Arias, a student at The Wharton School, explores how financial literacy can be used to combat the disparities. “Having a strong grasp on personal finances and ways to save, budget, and invest from an early age may be the best way to combat intergenerational wealth disparities.
A savvy propensity to save and invest could start ameliorating some of the wealth disparities that have arisen through certain groups having better access to property and education for generations,” explains Maxwell Arias. According to Pew Research, there is a black-white income gap of approximately $33,000 – and that has grown from $23,800 in 1970. Often, certain groups aren’t taught about the importance of saving and investing. Max Arias of Wharton School: Financial Literacy Initiatives Combats Intergenerational Wealth Disparities. Max Arias of Wharton School discusses financial literacy and how it can combat intergenerational wealth disparities.
Yahoo fait désormais partie de Verizon Media. PHILADELPHIA, PA / ACCESSWIRE / April 27, 2020 / In the midst of the COVID-19 pandemic, future global economic activity has become increasingly uncertain.
Specifically, there is an ongoing debate about how supply chains might change once the world emerges from this crisis. Max Arias, a senior at The Wharton School has analyzed current global trends in the context of Covid-19 to predict how global supply chains may evolve in response to unprecedented global disruption. Maxwell Arias highlights changes he expects to see on a global scale as world economies adjust to new realities. Max Arias of The Wharton School believes that most industries will not consider the COVID-19 pandemic to be an anomalous event, but rather a new structural risk of global supply chains necessitates long-term adjustment. Decoupling supply chains from China would be a long-term effort, likely taking 5-10 years thanks to how deeply entrenched the country is in the supply chain.
Maxwell Arias Explains Why Stimulus Payments Might Not Be Inflationary. Maxwell Arias gives expert insight about the current COVID-19 stimulus payments and why they might not be inflationary.
PHILADELPHIA, PA, UNITED STATES, June 29, 2020 /EINPresswire.com/ -- Millions of Americans feel the pressure of the COVID-19 pandemic. Unemployment has reached levels that experts could not have anticipated, leaving many Americans without a steady paycheck. How Supply Chains Will Be Impacted Long-Term By The Coronavirus, According To Maxwell Arias. Even Though States are Opening Back Up, Supply Chains Will Continue to Be Impacted, Says Maxwell Arias PHILADELPHIA, PA, UNITED STATES, June 26, 2020 /EINPresswire.com/ -- All across the United States, states are starting to open their economy again.
COVID-19 is still prevalent, it states feel as though they have no option but to open. Safety precautions are in place, yet supply chains will continue to be impacted long-term. Max Arias of Wharton School has been a teacher’s assistant within the finance department and explains why the supply chain will continue to be damaged. Maxwell Arias believes that many companies will see a significant disruption within the global economy as well as the supply chains, particularly those conducting business in China. Many studies suggest that governments may start to offer financial incentives to improve cost structures so that supply chains remain local.
Unfortunately, many US factories cannot start producing immediately. You just read: Max Arias: COVID-19 & The Macroeconomic Relationship Between The USA & China. Max Arias of The Wharton School of Business Discusses the Macroeconomic Relationship Between USA & China PHILADELPHIA, PA, UNITED STATES, May 13, 2020 /EINPresswire.com/ -- By all accounts, Max Arias is one to watch as he enters employment in the finance industry.
After securing his Bachelor of Science degree in Economics from the Wharton School at the University of Pennsylvania this spring, the financial sphere will have a well-rounded asset in Max Arias. Maxwell Arias: The Long-Term Global Market Impact of COVID-19. Maxwell Arias has a simple plan to have China pay for their role in the COVID-19 global pandemic.
