Tag: debt relief

Homeowners, Renters, and Debt Relief

Homeowners, Renters, and Debt Relief

Homeowners-renter-debt

Infographic Review

Infographic Design:  B+

This is a small infographic with a lot of financial information which does not give it a lot of great design points. I do like the colors that are used and the while on the blue background ads a little extra border. The orange helps to compare the different years and the charts are easy to read and understand. I know it is hard to incorporate images into such a professional infographic but adding a few images of houses would have made me happy. But other than that I cannot say too many negative things about the design.

 

Infographic Information: B

The information was interesting to see how debt differs due to different factors.  I was surprised to see that only about 40% of people actually seek help with their debt. I would think that those who have serious debt problems would try and consult with someone to help get out of debt. I do think that the information here is a little short. There could have been a lot more put into this to really give the reader a good understanding of debt and debt relief especially a way to help readers find a way out of debt. Overall though a nice simple infographic that offers some good basic information.

Infographic provided by Careonecredit.com

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Recession Statistics for UK Families

Recession Statistics for UK Families

recession-affecting-uk-families-statistics

Families around the UK feel financially strained as unemployment and the rising costs of living continue to take a toll. According to the Office for National Statistics, the UK unemployment rate was 8.4% in the last quarter – the highest since 1995. Statistics show that young people are suffering the most, with more than one in five without job. This takes the unemployment rate between16-24 year-olds to 22.2%. Food prices i Britain are also rising at three time the rate of the world’s biggest seven economies. Figures from the OECD puts the food inflation rate at 6.3% compared to an average 2.% for the G7 group on nations – France, Germany, Italy, Japan, United States and Canada.

When the recession hit in 2008, it sent the nation spiraling into financial chaos.

With unemployment currently standing at 8.4% – the highest it’s been since 1995 – and inflation sky-rocketing everyday essentials, families are worried that the economy is driving them deeper into debt.

Prices at the pumps are at an all-time high and food inflation has risen to 6.3%. That’s three times the rate of the world’s seven biggest economies, bringing the average weekly household expenditure to £473.60.

As salaries stay the same and families work hard to meet everyday living costs, disposable incomes have dipped for the fifth year running. As a result, many people have sought help through Debt Management Plans, IVAs and Debt Relief Orders so that they can manage their debts more effectively and stay in control of their finances.

Scorecard

Design: B+

Fun graphs, lots of fun drawings and a fun layout. So this was fun infographic with an interesting visual design.

Information: B+

No lack of information here. Just depressing, for the young people in Britain.

via: Baines & Ernst