Thursday, 18 November 2010

Students and Working Women Clobbered Again!

It's not a good time to be either an aspiring graduate or a woman of working age.

Two separate reports today push home the effects of pulling the UK out of its quagmire of debt.

The first points out that the salary threshold at which graduates will need to start paying 9% of their gross income might be quoted as £21,000, but it's actually closer to £18,500 at today's wages. That means, unless they deliberately choose to work for minimum wage once they get a job, they'll lose at least £157.50 every month out of their wages at the threshold level alone. Not to mention the need to cope with rising interest rates, inflation, rent etc.

Guess how many graduates will work out that earning £21,000 will make them worse off than earning £19,150? What sort of incentive is that to do well in life?

The second report flags the increasing effect of the recession on working women. Despite overall unemployment falling by 9,000 in the past quarter, 31,000 women lost their jobs. 1.02 million women are now officially out of work, and that doesn't include those married women who haven't accrued enough national interest credits in their own right to merit Job Seekers Allowance payments.

In times of recession, enterprising people reconsider starting their own businesses. Joining Kleeneze would provide many with a good income, improved quality of life and the potential of a great lifestyle, all for a small start-up cost.

I've been unemployed and it's not fun. My son gave up his university course because his fear of debt was greater than his desire to attend uni. He's been unemployed ever since and the depression he and his friends experience is painful to watch. It cripples the mind and stops them reaching out for opportunities. Don't fall into that trap, if you find yourself unemployed or with debts you don't know how to repay.

I'm building a better life for myself and I can help you do it, too.