How can an unemployed survive the recession without financial hiccups?
The UK recorded its second-highest fall in real wage growth since 2001. And as per National statistics, it stands at 4.2% today. It represents the clear financial deterioration amid the rising cost of living standards. A person’s wages fail to keep up with the rising price, according to October 2022 stats. One of the most astonishing facts is- the unemployed are not seeking jobs either. Long-term pandemic sickness and work-from-home module. Today, 2.5 million individuals are out of a job owing to ill health or a confused state of mind. As a result, vacancies dropped to 1.2 million jobs which were 1.3 million earlier. With BOE concluding one of the longest recessions in 41 years, it is high time for jobless individuals to take charge of their finances. The blog states some financial management tips for the unemployed in a recession . 6 ways to explore opportunities to save more before a stressful recession Unemployment is bound to rise manifolds until 2025. It could mean an i