The economic recession of recent years has hit nobody harder than the British working class. As the middle class, on whom the economy depends to consume luxury goods and materials, dwindles ever smaller, the economic squeeze tightens its grip on the wallets of working class homes. The amount that we spend on basic necessities like clothing and footwear has increased by 75% since 1997, almost doubling in fewer than twenty years. For many families, all it takes is a single unexpected expense to knock the household budget out of whack, and that’s not a reality any working people should ever have to live with. Fortunately, secure payday loans do exist, and the companies that provide them endeavour to take care of those who are caught off-guard by the instability of our economy.
What You Need to Know
Simply put, the cost of living in Britain goes up every year. This infographic by Swift Money indicates just how much the cost of living has increased. While British money is being spent overseas, the tourist dollar declined by 62% from 2006 to 2009—and we aren’t bringing much of that money back. Although spending on housing dropped by less than one percent in the last year, housing is still more expensive than ever before. And, although they have since recovered, the restaurant and hotel industries were also absolutely decimated by the recession, with Britons spending about 10% less from 2008 to 2011. Supporting the British economy means spending on British goods. You can do that by buying British—but only up to a certain point, particularly as wages decrease and the recession puts British people out of work.
Online Pay Day Loans
One way to increase your spending power in the short term, particularly if you’re affected by unexpected expenses, is by applying for a payday loan. You can even apply online for your loan from the comfort of your own home, or a local café with Wi-Fi access. With a payday loan, you can get through the rest of your week when expenses come at you, and pay it back when you have the money.