This is a deep-rooted problem with no quick fixes. However, we have survived as a race because we are resourceful and have an unparalleled ability to adapt. We need to evolve from a culture of consumption to one of investment. We need to borrow and spend less, save and invest more. Becoming better investors and taking charge of our financial future is now both a personal and social imperative.
Around 15 million people are "living on the edge" despite the improving economy, a report by a debt charity has warned. Stepchange
After figures showed the UK economy returning to growth, a recalcitrant was quick to presume vindication of his economic strategy, and he hasn't looked back since. Osborne is emboldened to the extent, that he opines all doubts over his approach have been conclusively proved wrong.
If Argentina decides to carry out its promise not to repay vulture funds, it will come under huge international pressure and economic destabilisation. If we believe that the state's first duty to its citizens' welfare rather than international markets, we must support Argentina in spite of the propaganda.
Chancellor George Osborne's deficit reduction plans were dealt a blow on Wednesday after figures showed public borrowing
Nearly a third of families have savings which will run out within five days if they are faced with a financial emergency
For all their self-alleged sophisticated protestation, European banking entities have somehow ended roughly mirroring the very political disarray their CEOs blame for the slow deleverage levels in the industry and timid lending activity. That is, for their stubborn negative to accept that yesterday's boom succulent profits are today's poisonous hot air.
Prime Minister David Cameron on Friday denied that Britain was failing to "pull its weight" in Europe, amid claims that the
The semi-nationalised Royal Bank of Scotland has announced it is to exit a state-backed insurance scheme covering its poorer
There has been an assumption by mainstream macroeconomists over the last thirty years, since the inception of monetarism, that inflation is purely a monetary phenomenon. This assumption has led to the concept that money supply and prices are effectively directly correlated. For example if money supply increased the expected outcome would be for prices to rise and conversely if money supply decreased the expected outcome would be for prices to fall.