UK Savings ratio in the gutter

A sad sad time for people of the UK whom have to endure an unbelievable amount of pain. Currently the Savings ratio of the country has been falling off of a cliff from a negative reading in the last quarter of 2016, to hitting a new all time low.

These are just some out of a handful of examples of things weighing down upon the country after brexit

1. From massive wave of inflation, which some would put the blame firmly upon Brexit. However, other free market thinkers/libertarians would solely put the blame upon the BoE quantitative easing phase shortly after Brexit vote took place.

2. Currency depreciation - The currency has lost over 10% of it's value since the vote against the Almighty dollar and the Euro currency making foreign goods purchased even more expensive. Further dampening households real wages, savings and budgets.

3. Wage growth has been stagnant for the best part of 15 years according to the institute for Fiscal studies. Thus this has made Britian wage growth be on par with Greece and well below the G7 average

4. Extraordinarily high taxes which according to the Financial times newspaper stands at 60% of incomes.

5. low interest rate and even negative interest rate policy. (which will most certainly become a tool during the next recession.

These are just few things out of a long list of problems bogging down the UK economy. Grinding savings to a halt. The only reason this can happen within a developed economy is if productivity is cratering off of a cliff. Which looking at a chart of UK productivity since 2008, we've only just surpassed the precedent set back 8-9 years ago. Meaning many brits have lost years future earning potential which was stolen.

Hopefully (although i'd argue it is unfounded hope) there is a reversal in this potential trend which can be traced back to it's roots under globalization and the 40+ year bond bull market, which too is also showing signs of a reversal as none of the economic indicators are pointing in the way of recovery only depression.

Anyone with even half a brain can hopefully come to the realization that any country growing at 0.2% a quarter is not and can not be the pinnacle of success by any metric even if the "experts" say so.

There are however solutions to problems like this one. Although not bullet proof, they are solutions nevertheless to help you get back on your feet.

1. Invest invest and invest - in the market place, whether it is shares, cryptocurrency, high quality bonds, land real estate. Whatever it may be. This does require due diligence on your part but is a very good way of getting on your way to beating the inflation rate and making more money in real terms.

2. Stop unnecessary spending - 40% of lower paid family income goes towards luxuries. instead set a budget and do not step outside of the boundary and do not i repeat, do not buy things you do not need especially upon credit.

3. Live within your means - Do not spend more money than you are able to earn and muster together. Otherwise you will just be borrowing from your future potential earnings.

4. multiple streams of income - whether the income is passive from stocks, real estate, interest rates to more active examples such as your day job, side job steemit posts etc.

A shame Britannia is only a mere shadow of it's once former self.....

http://www.cityam.com/267620/british-savings-ratio-falls-record-low-weak-uk-gdp-growth