Relationships and finance Flashcards
What is the SMART framework?
Specific- intended change is clear
Measurable- There is a specific outcome which will indicate whether you’ve made the change
Achievable - the change is something which you’re realistically likely to achieve
Relevant- the change is directly linked to the area you’re hoping to influence
Time-limited - you’ve set a time which you will have made the change
What are the basic personal needs?
Food + water
Shelter
Clothing
What is the poverty line?
When your resources are well below the minimum needs
What is absolute poverty?
Not having sufficient resources to secure basic life necessities, food , water, shelter and clothing
What is relative poverty in the UK?
Defined as earning more than 60% below the median
What are the physical signs of poverty?
Bowel problems
High blood pressure
Weight gain
What are the psychological signs of poverty?
Chronic stress
Subtle signs of depression
What is the gig economy?
A labour market where organisations contract independent workers for temporary positions
How are workers paid in a gig economy?
By completing work
What are the advantages of a gig economy?
easily accessible paid work
flexibility
Most of the roles require very little formal qualification or even experience
What are the disadvantages of a gig economy?
Conventional employer-side protections:
no paid sick-leave
no holiday pay
There is a high level of uncertainty about hours: while this may not be a problem for people aiming to ‘top up’
their other earnings, for people depending on this as a sole means of earning it can be a very tough process.
What is social protection from the government?
People living in difficult situations may be eligible for benefits from the government. This is part of what’s more
broadly called social protection.
A wide range of benefits are available in England today:
Universal Credit
Tax Credits, deduction from taxable income.
Jobseeker’s Allowance and low-income benefits
Carers and disability benefits
Child Benefit
Benefit for families, e.g. maternity grant, help with childcare and free school meals.
Heating and housing benefit
Death benefits, e.g. Bereavement payment.
What is universal credit?
Universal credit is a new benefit system being introduced to simplify the existing benefit system, which single
monthly payment that meets different types of costs into the claimant’s bank account.
It combines six benefits into one monthly means-tested payment. Benefits being replaced are:
Child tax credit
Working tax credit
Housing benefit
Income support
Income-based Employment and Jobseeker’s Allowance
People in desperate need for money are also able to take out a budgeting loan from Universal Credit. This will be
paid back via receiving reduced Universal Credit payments until loans are paid off. This is called budgeting
advance.
People of working age who are unemployed or on a low income are eligible.
Who is eligible to universal credit?
Unemployed or on a low income
18 years or older, although in special circumstances you may be eligible if you are 16 years or older
You or your partner is under State Pension age
You and your partner have £16,000 or less in savings between you
You live in the UK
What is loneliness?
The level of satisfaction with connectives
Subjective term
Loneliness is a subjective feeling about the gap between a person’s desired levels of social contact and their
actual level of social contact
Refers to the perceived quality of the person’s relationships
It is never desired
Lessening the feeling takes a long time
Emotional state
Feeling alone or separate from others
Can be accompanied by social isolation but can be caused by other things:
breakups
divorce
moving to a new location
death of a close friend
death of a loved one
Someone who finds it difficult to make new friends may experience frequent loneliness
