Recent content by Grayson

I often hear the term recession used when discussing the economy, but I’d like a simple explanation. What exactly is a recession, what causes it, and how does it typically affect businesses, jobs, and everyday people? Any easy-to-understand examples would be helpful.

I often come across the term APR when looking at loans, credit cards, or financing options. What exactly does APR mean, and how is it different from regular interest rates? Also, how is APR calculated, and why is it important when comparing different borrowing options?