Over 10 million economically inactive in the UK – as the world goes into depression, what’s your survival plan?
Over 10 million economically inactive in the UK – as the world goes into depression, what’s your survival plan?
In February 2020, it was reported that there were 8.5 million people in the UK classed as “economically” inactive – unemployed, long term sick, students and looking after family etc. Since then we have seen, unemployment rise by over 70% to 2 million, 6 million workers have been put on furlough as part of the government’s job retention scheme and 2 million self-employed apply for business interruption “bounce back” loans.
Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.
Are you ready to adapt to the new economic model?
As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?
In this Money Tips Podcast episode:
- Over 10 million of economically inactive people as UK heads into depression
- Almost a third of population, could reach 50%, not producing or paying taxes
- 1 million now claiming state benefits, 2 million self-employed claim loans
- 6 million on job furlough scheme but 1 in 5 firms plans job cut this summer
- Getting the economy moving again is the only answer, like other countries
- Greece and Italy opening up, parts of UK remains closed even for day trippers
- Will your job be one of millions phased out by automation, innovation and AI?
- Time to your economy or Uconomy moving whatever the country is doing!
- You can create a second income or get into property during the lockdown…
You can learn how to build a second income, acquire cash flow generating assets using leverage in order to quit the rat race and become financially free. This crisis has taught us that the only way to be truly financially free is to build your own source of passive and semi-passive income, rather than working on someone else’s passive income.
If you’d like more information on how to quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.
See more articles at www.moneytipsdaily.com
By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
