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This Is Why

Cost of living: How can students manage?

This Is Why

Sky News

Daily News, News, News Commentary

4.0552 Ratings

🗓️ 26 August 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Students already face a squeeze on their finances, but the cost of living crisis will tighten budgets further. A recent survey by the National Union of Students discovered one in three are left with less than £50 a month after paying rent and bills, and 11% of are using foodbanks.

On the Sky News Daily, Chloe Culpan is joined by money expert Andy Webb and NUS vice president of higher education Chloe Field to explore what financial help is available to students and how they can manage their budgets.

Producer: Emma Rae Woodhouse
Interviews producer: Alys Bowen
Podcast promotions producer: David Chipakupaku
Editor: Philly Beaumont

Transcript

Click on a timestamp to play from that location

0:00.0

Uber drivers. Have you seen your pay go down while your fees to Uber go up?

0:05.0

All because of an algorithm that reduces your take-home pay, making you work more for less.

0:10.0

We believe Uber's dynamic pay and upfront pricing is unfair.

0:14.0

That's why Worker Info Exchange has launched the dynamic pay claim to seek compensation for drivers who have lost income.

0:21.5

If you've driven for Uber at any time since 2020, it's time to stand together.

0:26.8

Find out more at dynamic pay.org.

0:30.1

You know, when Helen used to get home from work, I'd ask, how are you?

0:34.4

Fine, she'd say. She clearly wasn't.

0:42.3

After 10 years in IT, she was on autopilot. Then she found this job, training up-and-coming tech wizas at the college, same skills but with new people, new challenges.

0:49.8

Now when she gets back, I get the full debrief. Can't get a word in.

0:55.0

Give your skills new life. Train others. Search jobs in further education.

1:00.9

The class of 22 haven't had it easy. Sutton school closures, home learning, exams during a

1:07.1

pandemic. I've missed that out on a year of further in my education and a year of potentially a career as a doctor.

1:14.0

I think now that we're going to hit uni,

1:16.2

it's going to sort of show where the cracks in that education

1:19.4

has started to form.

1:20.9

And now thousands are starting university

1:23.0

during a cost of living crisis.

1:25.4

I am just feeling just a little bit anxious

1:27.4

just about what's to come. Cost of living crisis at I am just feeling just a little bit anxious just about what's to come.

1:29.3

A cost of living crisis at the moment, obviously being a student, it's slightly concerning.

1:34.3

For most students, it's the first time moving away from home and learning how to stand on their own two feet.

...

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