Five charts to start your day

Is the cost of further education spiralling out of control?

As a father of two, this particular chart deeply affected me. My worry isn't rooted in living in the US or planning to send my children to a US university. Rather, it's the alarming trend of skyrocketing educational costs that seems to be spreading globally.

This trend is already evident in the UK, where student loan debt has surged. UK universities, even public ones, are now charging full fees. This has led to a new generation of graduates burdened with significant debt before they even begin their careers.

The ripple effects on their financial wellbeing are substantial. In such a climate, it's hard to imagine these young graduates contemplating home ownership or retirement. They're faced with a seemingly insurmountable financial challenge from the outset, which is not only disheartening but also potentially destabilising economically.

We often discuss the wealth distribution gap between the rich and poor. Nowadays, however, the divide increasingly lies between the asset-rich older generation and the younger working population.

Source: Visual Capitalist

Coming up:

• Cash has gone from being trash to a decent asset class

• The cost of turkey is up nearly 30% compared to November 2020

• The relationship between happiness and income

• Working hours versus salaries across different countries

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