Wednesday, 18 February 2009

The benefits of the Credit Crunch

Now I know I have written a lot of blogs lately on the credit crunch but there were a couple of interesting stories this week which caught my attention. Now most talk about the current economic climate is normally from the angle of doom and gloom but the stories I am going to discuss offer hope.

The first story to catch my eye was a report I read saying that University applications are quite significantly up this year with many people sighting the credit crunch as the reason. Young people seem to be concerned about the lack of jobs and job security at the moment so are deciding to spend some time in University hoping the economic climate is better when they graduate.

Now I am not saying that University is for everyone but it is great to see young people really thinking about their future and what the best route for them is. In a time of economic downturn some said applicants would be put off University as in these times they may have found it hard to come up with or justify the tuition fees so I am glad the University system seems to be surviving these tough times. That’s the thing which is overlooked a lot by the media as it is not only the corporate world which affected by the downturn.

The other story I read was a bit of publicity for a film coming out at the Cinema called “Shopaholic” now I haven’t seen the film so can’t comment on the quality of it but I thought the film was apt for this period. In a time where we need to be watching what we spend and our finances it is great to see a film which deals with a real problem for many people. Regardless of the way they film portrays the issue it is great to see it talked about on the news and by the general public.

Adam Sibley
Founder of the Talented Young People organisation
"Envisage it, Believe it, Achieve it!"
”Shaking up the Youth of Today”

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