Students accounting on self-employment

A recent study carried out by Hiscox has shown that many British students are going to be self-employed after the graduation in order to avoid debt problems.

It has been revealed that 54% of the students studying in the capital at present consider becoming businessmen when they receive their diplomas.

What is more, 33% said a job deficit was the major reason why they had plans to work for themselves.

In addition, 40% of students in London are already running or are ready to set up their own business venture.



The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.