Crypto exchange Coinbase
$878.92M
has released a satirical video that showed the current situation of the United Kingdom’s economic.
The video, titled Everything Is Fine, features a cheerful tune and upbeat lyrics paired with bleak imagery of poverty, inflation, and financial struggle.
The lyrics open with, “We ain’t got no troubles. No reason to complain”, while scenes show crumbling buildings and individuals under financial pressure. Later, the video jokes about rising food prices with the line, “These fish fingers are a steal… just 100 pounds a meal”.
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The release comes after a recent report from Fair4All Finance revealed that 20.3 million adults in the UK, roughly 44% of the population, are financially vulnerable. The rise is linked to factors like unstable incomes, job loss, poor health, and limited savings.
The report also found that debt is increasing among those with average earnings. About 3.5 million people in this group now carry high levels of debt, a 59% increase.
Young adults are also struggling, with 1.9 million relying on services like “buy now, pay later” and working under zero-hour contracts that offer no stable income.
Additionally, food bank usage has risen to 15%, up from 11%. Half of those in financial difficulty said they cannot afford to eat a balanced diet. Many are turning to payday loans and other short-term credit options just to pay for essentials.
Meanwhile, Coinbase recently introduced the Base app, a reworked version of Coinbase Wallet. How does the app work? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
