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Educational content on inflation etc?

Oasis1
Oasis1 Posts: 744 Forumite
Part of the Furniture 500 Posts Photogenic Name Dropper
edited 4 August 2022 at 12:46PM in Savings & investments
Hi all. Given the BoE announcements today, I'm looking to understand how inflation, interest rates and recenssions impact things like job markets, housing markets, pensions etc. Can anyone signpost me to anything they think is useful? Articles/youtube channels etc. Just beginner to intermediate level please! :smiley:
P.s mainly interested in devising approach to leaving my job, growing my deposit and buying a first time home.
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Comments

  • Albermarle
    Albermarle Posts: 31,231 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    mainly interested in devising approach to leaving my job, growing my deposit and buying a first time home.

    Normally if you are saving for a deposit for a first home, then it is better not to leave your job ! Have you got a LISA?

    Otherwise suggest you enrol on an economics course, although even for economists predicting the future impact of interest rates, inflation etc has always proved pretty tricky .

  • Bravepants
    Bravepants Posts: 1,669 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Oasis1 said:
    Hi all. Given the BoE announcements today, I'm looking to understand how inflation, interest rates and recenssions impact things like job markets, housing markets, pensions etc. Can anyone signpost me to anything they think is useful? Articles/youtube channels etc. Just beginner to intermediate level please! :smiley:
    P.s mainly interested in devising approach to leaving my job, growing my deposit and buying a first time home.

    A few years ago I bought this on Kindle:
    I have a few "For Dummies" books, but don't let the name of the series put you off, they are usually very well written and clear.

    I also bought this, in paperback, which is also a good and interesting read but the text is quite small:


    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • Oasis1
    Oasis1 Posts: 744 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 4 August 2022 at 1:10PM
    mainly interested in devising approach to leaving my job, growing my deposit and buying a first time home.

    Normally if you are saving for a deposit for a first home, then it is better not to leave your job ! Have you got a LISA?

    Otherwise suggest you enrol on an economics course, although even for economists predicting the future impact of interest rates, inflation etc has always proved pretty tricky .


    Yes, I've a LISA. Job is currently heavily impacting my mental health so it's how much more I can take versus potential of jumping from the pan to the fire if the job market is awful/my rent and bills skyrocket. I also have a sense of missing out on financial education as parents were never savvy/wealthy and state education doesn't cover it. So just want to be able to make more informed decisions. That's the context.

  • Oasis1
    Oasis1 Posts: 744 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Oasis1 said:
    Hi all. Given the BoE announcements today, I'm looking to understand how inflation, interest rates and recenssions impact things like job markets, housing markets, pensions etc. Can anyone signpost me to anything they think is useful? Articles/youtube channels etc. Just beginner to intermediate level please! :smiley:
    P.s mainly interested in devising approach to leaving my job, growing my deposit and buying a first time home.

    A few years ago I bought this on Kindle:
    I have a few "For Dummies" books, but don't let the name of the series put you off, they are usually very well written and clear.

    I also bought this, in paperback, which is also a good and interesting read but the text is quite small:



    Thanks, helpful suggestions. Will look into both.
  • london21
    london21 Posts: 2,232 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    If looking to get a mortgage, they will require some sort of income so not a good time to leave your job without a replacement.

    Some useful Youtube Videos 

    https://www.youtube.com/watch?v=nKTwz9mdsFw 

    https://www.youtube.com/watch?v=xguam0TKMw8
  • Albermarle
    Albermarle Posts: 31,231 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Job is currently heavily impacting my mental health so it's how much more I can take versus potential of jumping from the pan to the fire if the job market is awful/

    One unusual aspect of the current situation is that the unemployment rate is low, and job vacancies remain high. In some sectors they are desperate for staff, and wages have been going up accordingly.

    Inevitably with all the rest of the bad economic news, this will cool off a bit , but for now at least the jobs market is in a healthy state, and probably as good a time as any to move jobs if you hate the current one.

  • Oasis1
    Oasis1 Posts: 744 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    london21 said:
    If looking to get a mortgage, they will require some sort of income so not a good time to leave your job without a replacement.

    Some useful Youtube Videos 

    https://www.youtube.com/watch?v=nKTwz9mdsFw 

    https://www.youtube.com/watch?v=xguam0TKMw8

    Oof that last one was an eye opener. Thanks!
  • Voyager2002
    Voyager2002 Posts: 16,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Here is a selection of free online short courses from reputable universities:
    https://www.careers360.com/courses-certifications/futurelearn-economics-courses-brp-org

    If you prefer old-fashioned books, try anything by J K Galbraith, above all 'The New Industrial State'.

  • ChilliBob
    ChilliBob Posts: 2,441 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    It's all macro economics basically, A level stuff will give you a good guideline. Bound to be some A level websites eith good summaries :) 
  • ChilliBob
    ChilliBob Posts: 2,441 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Oh and if you want a crack at first year macro Econ Oliver Blanchard's book may be worth a look. Was what I used for first year (Admittidly in 2001, man that makes me feel old!) 
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