Visual News
This is the section of our site where busy people can come and get a visual snapshot of key facts and news topics that are relevant to the financial sector. We hope you find them fun and interesting.
Youth in Revolt: The Global Youth Unemployment Crisis
Youth unemployment is not just a present day problem as it has been to shown to have lingering effects including periods of depression, low job satisfaction and poor health in later years.
Nemat Shafik, Deputy Managing Director of the IMF said,
“Young people were innocent bystanders in the global financial crisis but they may well end up paying the heaviest price for the policy mistakes that have led us to where we are today.”
The Cost of Living on Mars
80,000 people living on Mars in 20 years is EASILY achievable! Wow that’s quite a statement, right? Well we have done the maths and the numbers actually do stack up. It’s hard to believe but just take a look at our research below and you can see how we came up with the above.
The Cost of Exploring Space: Film vs. Reality
They say that space really is the final frontier and the media (probably even more so than the scientists) love the fact that it's all still so unknown leaving them endless options for movies like Prometheus and tv shows like Falling Skies. However, the one thing that we can know for sure with space is exactly how much money these little odysses into the unknown are costing us - both on and off film. We think it's actually pretty shocking what the results were - check it out!
The Cost of The 12 Days of Christmas
Christmas has hit us square in the face like a big fat, frozen Turkey. But it's not all pleasure. Money is what really makes the Christmas spirit work.
So how much is the 12 Days of Christmas? Not that any of us can really understand this festive song, but lets get the spreadsheet out and crunch the numbers. It's looks like you would be maxing out your credit card with debt if you tried to buy all 12 days.
Of course we could never actually do this as in the UK it's illegal for anyone other than the Queen or her mates to nosh on Swan. I wonder what it's like with chips?
The Eco Savers: will going green really save you money?
OK so as our regular readers know we use the visual news area to talk about topical or reasonably topical (come on we don’t want to make it boring) issues that relate to global finance and we do it in a fun visual way. We then like to see how these issues impact everyday people and see what trends or patterns emerge and how they might impact on the average working person in the UK/US.
The Two Income Trap
We thought we would look into what was causing the sudden (or what seems sudden) upsurge in what we like to term the "value economy" so that's £1 shops, pawn brokers, money shops and of course payday loans. Well our research might not be as in depth as something you would expect from Oxford or Cambridge but it does show patterns and trends that shed some light on what is going on (Unfortunately the only comprehensive information we could get was mainly US data, as such and due to the fact that the US is also a large Western democracy we thought we would use the US in the research). If you know of any UK reports please email us!
The Economics of Marriage & Divorce
Ever wondered to yourself what some of the benefits of marriage are? Well, you're not alone! We also thought that it would be interesting to look at some of the advantages of having a two parent household versus a one parent household - but strictly from a financial point of view. Now, we also thought it would be best to focus on just the United States because according to the latest statistics, the US has the highest rate of marriage amongst developed nations and the second highest rate of divorce (just after Russia). The US is also one of the largest and most diverse Western populations in the world and can often times be an excellent gauge of trends in other parts of the world as well, even the UK. After reading all of the findings that we've compiled about the kind of opportunities that 2 parent households can offer their children in comparison to a 1 parent household, you might be very surprised.
The Invisible Poor
Are more and more people in the western world dropping off the radar and becoming the invisible poor or is the opposite happening? At PaydayLoan.co.uk we like to think of ourselves as the working persons finance site. As part of our commitment to promoting responsible borrowing and lending, (see is this recession becoming another great depression to see what happens if people don’t follow that rule!) we are always interested in looking at the financial health of people. We recently heard that an astounding 46 million Americans are officially below the poverty line (That's $23,050/year for a family of four according to the official sources). To help visualise the USA statistics, consider the fact that there are about 62 million people in the UK at the moment, which means (if my maths is correct) that it would be equal to 74% of ALL people in the UK living below the poverty line. Big numbers for a big country I guess!! That number really caught our eye and as such we decided to do a little more digging to help put some more facts and figures around it. The below is a nice visualisation of the results we came up with.
Is This Recession Becoming Another Great Depression?
As much as we Brits may hate to admit it, the US can often provide us with a glimpse of things to come whether it be fashion, movies, music or even economic trends. Some economists even say that the United States' economic influence reaches so far that on October 29, 1929 (aka Black Tuesday) when the stock market prices dropped drastically and suddenly, it may have triggered what we know today as the Great Depression. Nowadays with the global recession on the tip of everybody's tongue, we thought that we'd point out some scary similarities between the Great Depression and what is now commonly referred to as the Great Recession. Between irresponsible lending by bankers, the US stock market crash, and a population that was scared to consume sufficiently to keep the economy afloat, what was thought to be just a recession became the Great Depression. Are we also headed down the path to another Great Depression?
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