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Posts Tagged ‘financial crisis’

A quarter of 20-somethings now live at home

Thursday, January 23rd, 2014

Thanks to the economic crisis more young people live at home

Yahoo Finance UK

By | Yahoo Finance UK – Tue, Jan 21, 2014 17:42 GMT

  • More yong people are living at home

    Yahoo Finance UK/Rex Features – More yong people are living at home

  • Yahoo Finance UK – Thu, Jan 16, 2014 11:35 GMT

The economic crisis has had a significant and lasting effect on the lives of young people, as more than one in four now live with their parents, according to official data.   The number of 20-34 year-olds in their family home has jumped by 669,000 since 1996, the Office for National Statistics has found.
This is despite the number of people in this section of the population remaining largely the same. There are now 3.3 million living with their parents, up from 2.7 million in 1996.
The highest increase has been among 20-24 year-olds – especially in the last five years. In 2008, 42% of 20 to 24-year-olds lived with their parents, but by last year the percentage had increased to 49%.
It’s thought that the economic crisis is a large underlying factor, as the number of unemployed people aged 18-24 has increased from 13% to 19% during the same five years. 

Young adults aged 20-34 living with parents in the UK, 1996-2013 (ONS)
Economic activity of those aged 20-34, UK, 2013 (ONS)

Young men are far more likely to live with their parents, with one in three staying put, compared with one in five women.
However, this is not because young women have greater economic success, but because they are more likely to be in a relationship and living with their older partner or because they are a lone parent.
In fact, 600,000 more women aged 20-34 were found to be living as part of a couple than men, and on average women are more likely to have a relationship with a man older than themselves, according to the ONS.
There were nearly as many women who were lone parents in their own household. And it was also found that women are more likely to be in higher education, in the process leaving their parent’s home.

Men and women aged 20-34 living with parents, UK, 2013 (ONS)
Young adults aged 20-34 living with parents by region, 2011-2013 (ONS)

In spite of the huge cost of either buying or renting in London, it has the lowest percentage of young adults living with their parents at 22%. Mainly because the capital has a large influx of young people moving from other areas for work or study, said the ONS.
On the other hand, the region with the highest number of young people living with their parents was found to be Northern Ireland.
This is because it’s easier to commute to work or university from the family home. And because cohabitation among couples is much lower – even though the average age for a first marriage in Northern Ireland is lower than in England and Wales.
This suggests a more traditional picture of family life, where the time between leaving home to marry or cohabit is shorter than elsewhere, said the ONS.

+ VIDEO to watch here at the end of the original article

And the band played on …

Tuesday, April 17th, 2012

Titanic cartoon

The parallel with the current economic crisis is obvious—there will be survivors and victims (and a disproportionate number of these will be from the lower classes).

More generally, the idea of the ship colliding with an iceberg or the sinking ship are commonly used as metaphors for disaster, the iceberg as a metaphor for the cause of a catastrophe, and the lifeboat as a metaphor for rescue.

How will the bail-out affect Northern Ireland?

Monday, November 22nd, 2010

watch this video

uk-northern-ireland-11812622

Times of Crisis

Thursday, September 17th, 2009

je vous invite à aller voir ce diaporama  interactif  réalisé par l’agence Reuters à l’occasion de cette première année passée dans la crise (à la suite, je vous le rappelle, de la faillite de la Banque Lehman Brothers)

Vous y trouverez la chronologie de la crise (Timeline).

Bonne visite !

As Banks Repay Bailout Money, U.S. Sees a Profit

Sunday, September 6th, 2009

Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times.

These early returns are by no means a full accounting of the huge financial rescue undertaken by the federal government last year to stabilize teetering banks and other companies.

Read more about this issue in the New York Times

Recession : a sing-along !

Monday, May 4th, 2009

The classic “West Side Story” is enjoying its Broadway revival. Now comes the remix, “Worst Slide Story.”

Regardez cette version détournée de West Side Story sur la crise financière !!

ça se passe ici

 

After a pause Wall Street will pay again

Monday, May 4th, 2009

Workers at the largest financial institutions are on track to earn as much money this year as they did before the financial crisis began, because of the strong start of the year for bank profits.

read more about it here

Is Bankruptcy Possible for G.M ?

Wednesday, April 15th, 2009

Members of President Obama’s automotive task force spent last week in meetings and on conference calls with G.M. officials and its advisers in Detroit and Washington. Those talks are expected to continue this week.

The goal is to prepare for a fast “surgical” bankruptcy, the people who had been briefed on the plans said. G.M., which has been granted $13.4 billion in federal aid, insists that a quick restructuring is necessary so its image and sales are not damaged permanently.

President Obama, who was elected with strong backing from labor, remained concerned about potential risk to G.M.’s pension plan and wants to avoid harming workers.

President Obama, who was elected with strong backing from labor, remained concerned about potential risk to G.M.’s pension plan and wants to avoid harming workers.

read more about his question here

Bernard Madoff for dummies

Wednesday, March 18th, 2009

No doubt you’ve heard about him in the news. Watch this short and funny video and I’m sure you’ll finally understand the whole thing afterwards !

YouTube Preview Image

Is It Less Stressful to Get Laid Off Than Stay On?

Tuesday, March 17th, 2009

Compared with people who are straight-up laid off, those who keep their job but are under a constant threat of losing it suffer a greater decline in mental well-being.

read more about this issue here