Financial crisis?
As a member of Kingsbridge Agenda 21 Group I take an interest in all aspects of local sustainability, and one relates to the sustainability of the local economy and people’s personal finances.
The worldwide financial crisis (credit crunch) was itself brought about by unsustainable financial practices – such as ignoring people’s ability to repay their mortgages, and paying bank staff exorbitant bonuses. The resultant financial meltdown has implications for us all.
But does living in and around Kingsbridge bring any special concerns, or on the other hand offer any ways in which we can protect ourselves from the worst of the troubles?
An immediate thought relates to the benefits of using the local Credit Union. Are we all aware of it? Have you any comments about local implications of the situation we face?