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Challenges of Being an Unemployed Student in the United Kingdom
Unemployment can take a toll on the bearer but with positive steps, especially when the case is that of students, they have multiple options available to overco
March 17, 2019
Nicole Dickson(Financial Advisor)
Unemployment can be due to various reasons. You might be unemployed for a shorter period or a longer period. You need pounds in your pocket even if you are a student or an adult focusing on the career. If you are at the stage where you have to fulfil your daily needs on your own, you must be looking for an alternative for earning.
Students of the United Kingdom face this problem a lot. Many of them struggle with their living cost, tuition fees and bills. In such cases, a student can opt for “loans for unemployed in UK.” Also, payday loans are available for students to help them get through it.
Why are people unemployed?
A student or in fact anyone who applies for a job has to wait for a few week to get approval. During this period, they are unemployed. People, who are willing to provide self-employment and start a business, are unemployed at the beginning. Also, the lack of jobs is another cause. Because people lack “new skills” to work according to modern needs.
It has been stated in various studies that almost 1.38 million people are unemployed and are in search of work. 8.66 million People from age group 16 - 64 are economically inactive. 58% of students lack money to meet their basic needs, including food. Out of 100, only 20% of students are not stressing over money.
What are the challenges due to unemployment?
One of the biggest causes of poverty is the following.
People who are not economically active since a long period can be in debt. Sometimes people cannot even meet their daily needs. People cannot afford to educate their children. This leads to a lack of education and confidence. It is directly affecting the future of the country’s youth. It is also one of the reasons for anxiety, depression and mental health problems. Crime rates increase when people cannot earn money in the correct way, and they choose the wrong path. Political issues and instability are faced by the residing population.
How to overcome it?
If you are a student, it can be challenging to find a job. It can be difficult for you to match your college timings and ask for off during exams. But you can always opt for payday loans. This facility could also be available in your college. You just have to ask for it. Many colleges even have provisions to provide interest-free financial aid if a talented student is facing hardship. Also, people, those who have skills can look for online part-time jobs.