I have come across a disturbing trend that is affecting society as a whole in the 21st Century - redundancies and job losses.
Everyone has the will and the desire to work and to prepare for their retirement. There is a system in place called 'Credit Rating' which is managed by Credit Reference Agencies. Each time someone applies for a loan their credit rating is checked by the loan companies to determine whether they are credit worthy to receive the loan.
Since the economic downturn, a number of individuals are unable to take out loans because of their credit ratings. How can you keep a good credit rating score when you have lost your job which is your livelihood? Employers are also carrying out credit checks on applicants, which mean if you have a bad credit rating score, you will not be considered for the role.
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Over 2 million people in the UK are now unemployed and their credit ratings have been affected because they do not have an income this is creating stagnancy within the economy, as they are told to sign on for government handouts. When people are working, money is being circulated, when money stops circulating poverty ensues which inevitably leads to crime and famine.
This is a harsh reality. America's triple A credit rating was downgraded in 2011 - the impact of this means this great country is perceived as being a financial risk.
People shouldn't lose their homes in an economic downturn they signed a contract that they would meet their monthly commitments for 25/30 years. When they lose their jobs it is impossible for them to honour their word. Individuals and countries are in debt. The other trend I have noticed is that the cost of living is rising, the utility companies are raising their prices and the cost of food is going up but salaries have been frozen.
People who have worked for 30 years or so have seen their savings depleted and the house they have lived in and ploughed most of their income on over the years been taken away from them. Children are being made homeless because their parents have lost their jobs, they are innocent and they don't understand what has happened. There is a shortage of social housing. A good credit rating is required to rent a home in the private housing sector.
Those who have lost their jobs are being sent to court by credit companies because they have fallen behind with their monthly payments, interest is added on the outstanding amount also administrative charges for each month the amount remains outstanding. They are also threatened with bankruptcy.
The 1% of society that are wealthy may not be feeling the impact right now but they will in future be required to transfer their wealth to the poor in order to avoid complete shutdown of our society whereby people take the law into their own hands - anarchy and rioting becomes the rule of the day.
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