Unemployment almost doubles to 2.1 million

Unemployment almost doubles to 2.1 million

Unemployment almost doubles to 2.1 million

The number of people claiming unemployment benefit has soared by 856,500 to over 2 million months, according to figures released by the Office for National Statistics (ONS), after the UK had recorded record numbers of people in work. Add this to over 6 million on furlough and 2 million self-employed claiming the bounce back loan or other support programmes we now have 10 million economically inactive workers in the UK.

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:

  1. 1 million now claiming state benefits such as Universal Credit
  2. Self-employed grant claims top 2 million with £6 billion paid out in claims
  3. 6 million on job furlough scheme but 1 in 5 firms plans job cut this summer
  4. US jobless reach 33 million, while Germany, Japan join UK in deep recession
  5. Most people have zero savings or back-up plan to cope with unemployment
  6. Property market up and running again but prices could plummet 20% this year
  7. Tenant demand increases after a quiet period in the early stages of lockdown
  8. VE Day gives Children opportunity to learn about wartime rationing and values
  9. Will your job be one of millions phased out by automation, innovation and AI?
  10. You can create a second income or get into property during the lockdown…

Can you afford to retire?

Millions of people, or over 80% of the population, will either retire in poverty or not be able to afford to retire at all. What’s your strategy?

Quit the rat race and retire early

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.

Post a Comment

#Follow us on Instagram