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The London Economic — Almost half of all Brits now admit they struggle to make ends meet

Summary:
A shocking survey of 2,000 UK adults revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year. But one quarter said money is an uphill battle for them every single month.The average adult is forced to turn to their credit cards or overdraft to get them through to payday four out of every 12 months, with one in 10 saying this is the case each month.Six in 10 even went as far as to say they feel they are never going to make ends meet on their current salary. Louise Harper-King, spokeswoman for OnePoll.com which carried out the research, said: “With rising costs and wages not following suit, it’s not a surprise so many people are struggling.... Welcome to the precariat. The article gets worse as it goes along.The London EconomicAlmost half

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A shocking survey of 2,000 UK adults revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year.
But one quarter said money is an uphill battle for them every single month.
The average adult is forced to turn to their credit cards or overdraft to get them through to payday four out of every 12 months, with one in 10 saying this is the case each month.
Six in 10 even went as far as to say they feel they are never going to make ends meet on their current salary.
Louise Harper-King, spokeswoman for OnePoll.com which carried out the research, said: “With rising costs and wages not following suit, it’s not a surprise so many people are struggling....
Welcome to the precariat. The article gets worse as it goes along.

The London Economic
Almost half of all Brits now admit they struggle to make ends meet


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The Guardian (22 April 2018)
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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