To what extent has the Finance career changed the economy around us?
I'm curious about just how powerful Finance could be and how it was improved our economy. #career-paths
2 answers
Lashay’s Answer
Hi Eduardo: Great question. For the finance career to change or effect the economy around us, research would have to be involved. Either research in finance career workers or the economy based on majors impact. I would refer you to the Bureau of Labor Statistics to gain clarity on this question:https://data.bls.gov/search/query/results?cx=013738036195919377644%3A6ih0hfrgl50&q=Finance+Majors.
My guess that the Finance career has impacted a lot. From how we spend our household finances to b2b spending/saving habits. Spending effects the growth and development of a city, county, state and country. That effects employment of individuals and qualifications needed. When you say finance career, it's hard to determine what job titles and position of which you speak. For instance, bookkeepers, bankers, and financial researchers are all considered under the finance career umbrella. Research first came to mind for me so I answered from that perspective. Feel free to write back with a more directed question. Hope this helped.
Victor’s Answer
home because most people don't have hundreds of thousands of dollars in cash, but they can borrow it from the bank and pay it
back over time. Finance helps people to retire because they can build wealth over time (money that makes money without them
having to work for it). Finance has also hurt the economy at times. You might have heard people talk about the Great Depression
or the Recession. These are times when the economy is extremely damaged due to people using finance incorrectly, it can actually
destroy a lot the wealth people had built up.
It is a great career if you are still considering it. Just make sure you help people with finance and use it for good. Some people out
there use it for bad and make it harder for everyone else.