The economy hasn't exactly been ideal for the past 4 or 5 years. With President Obama being re-elected for another term, the economic situation of our country looks like it is on the up-swing for the first time since 2008.
This is even better news for the residents of North Carolina, specifically Wake County, where the capital city of Raleigh is located. Raleigh has been considered one of the more "recession-proof" cities in the United States. Even though the state-wide unemployment rate still maintains at 9%, Wake County is still revered as one of the fastest growing counties in the nation. With a gender distribution of 52% Female and only 48% Male, the influx of young professionals ,of both sexes, will be able to flourish with optimistic ease.
As a substantial amount of Raleigh residents may have been unaffected by the recession, there are still a notable group that have fallen on hard times. The specific repercussions of how any one person or family was affected varies from case to case. Many lost their jobs, many more had their 401K's substantially reduced, and some even lost their houses due to shady mortgage lending tactics.
Many of our fellow Raleigh residents have had to turn to government aid like unemployment or even welfare. There is much debate over the overall benefits from these programs, but without them many would be in a more dire situation.
If government aid was not an option there are plenty of quick loan options, which have helped thousands out of a temporary financial situation.
Studies show that women are significantly more likely to take out a payday loan than a man. Regardless of whether you are for or against the payday loan practice, it is a 7.4 billion dollar industry annually.
So why is it that women are more inclined to take out a pay day loan than men? Are they more fiscally irresponsible or more proactive on fixing their less than ideal economic situation? Do women tend to make more rash decisions or are men hesitant to take responsibility for creating a fractured financial situation for their family?
The dichotomy of gender motivation has been an age old question. Many have tried to answer this question yet few have had any progressive insight. Regardless of what the answer may be there are entities out there doing their best to try help out those in need. From payday loans to soup kitchens, we have been banding together as a nation to help dig ourselves out of this hole.