Key Quotes - Money

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Last update: Wednesday 25th March




900 million farmers in poor countries live on less than a dollar a day, yet rich countries spend $900 million a day sudsidising their own agriculture. $2,000 is spent on health per person in America, yet only $2 per person in Ethiopia.
Money	Life and Work - September 2004



Ringtones are now a £1.5 billion global industry, accounting for 10 per cent of all music sales in 2003.
Money	Youthwork - August 2004



Total UK overseas development aid (ODA) will go up almost £6.5 bn by 2008, and there will be a big boost for Africa, where aid will go up to at least £1.25bn.
Money	The Baptist Times - 22nd July 2004



Research predicts that by 2008 more than 90 million credit cards will be in circulation - almost two for every British Adult.
Money	The War Cry - 17th July 2004



In China there is a total population of 1.3bn people, of that number two-thirds live in the countryside. The official Chinese Government measure of poverty is an income equivalent to £63 per annum. Using this measure, 30 million Chinese are living in abject poverty - the equivalent of the entire Canadian population. Another poverty measure is people living on less than £1.50 per day. This measure gives China 400 million poor people. More than 100 million Chinese do not have access to any medical services whatsoever in addition to the 30 million who have difficult access, and three to five million children, of school age, have no access to education.
Money	The Baptist Times - 8th July 2004



UK charitable giving last year rose by 7.5 per cent in real terms, according to figures released by the Charities Aid Foundation. Charity Trends 2004 shows that the top 500 fundraising charities generated a total income of £8.6bn. Of this £4.6 bn was from voluntary sources.
Money	The Baptist Times - 8th July 2004



The amount of money owed by consumers in Britain has edged closer to £1 trillion. According to the Bank of England, money owed on cards, mortgages, loans and overdrafts rose by £10.2 billion in May. Now, we owe £993bn.
Money	The Baptist Times - 8th July 2004



Japan Country Profile- Japanese name: Nihon or Nippon Capital: Tokyo Population: 126 million Area: 377,800 sq km Currency: Yen GNP: $4,190.2 billion (1997) Per Capita income: $33,319 (1997) Form of government: Constitutional monarchy Official language: Japanese Although as many as 85 per cent of the 126 million inhabitants claim to have no religion, both Shinto and Buddhism are deeply ingrained in the Japanese culture. Although many families celebrate Christmas statistics show that only around 1 per cent of the population claim Christ as their saviour.
Money	Christian Herald - 29th May 2004



In 2003, in the USA, Canada and the Pacific Rim countries Fairtrade sales increased by 37 per cent over the previous year and totalled $251 million. Sales of Fairtrade produce products in the UK in 2003 totalled £92.3 million, an increase of 91 per cent over the previous two years. Fairtrade involves the following priciples; Producers receive a fair price - a living wage. For commodities, farmers receive a stable minimum price. Forced labour and exploitative child labour are not allowed. Buyers and producers trade under direct long term relationships. Sustainable production techniques are encouraged. Producers have access to financial and technical assistance. Working conditions are healthy and safe. Equal employment opportunities are provided for all. All aspects of trade and production are open to public accountability.
Money	The Church of England Newspaper - 3rd June 2004



China's GDP has increased from $362.4bn (£200bn) to $11.9 trillion since 1979. It is expected to double again in the next ten years. GDP grew last year at 9.1 per cent. The number of poor in China is estimated to have dropped from 49 per cent of the population in 1981 to 6.0 per cent in 2002. The poverty line is defined in China as an income of 625 yuan (£42) a year. The World Bank definition of poverty is $1 a day. More than 62 per cent of China's 1.3 billion population live in poor rural areas. Average life expectancy has increased from 35 years in 1949 to 71.4 years.
Money	The Guardian - 27th May 2004



The Philippines has a scarred history dominated by the golden rule - those with the most gold rule. The election is a struggle between the elite dynastic families, each is led by a powerful patriarch and supported by rich cronies. These 200 families control 72 per cent of the wealth of the Philippines.
Money	The Unuiverse - 9th May 2004



In the 1980s child poverty increased dramatically. By the mid 1990s over four million (one in three) children were living in poverty. Poverty in childhood is linked to poor health, poor educational outcomes, poor relationships in adult life, crime, drugs and much else. In the 1970s only eight per cent of children lived in lone-parent households - now it is 25 per cent. There are more children living in poor two-parent families than one-parent families-2 million as compared with 1.6 million. By contrast, of the 2 million children living in poor two-parent families 70 per cent (1.4 million) live in a household where one or both parents work. Tax credits do not lift these families out of poverty.
Money	The Church of England Newspaper - 6th May 2004



Relaxing immigration is a way of effectively helping our poorer neighbours. At the end of the 1980s the World Bank estimated that $65bn in earnings by foreign workers went back to their countries of origin - about $20bn more than the sum of aid from wealthier to poorer countries.
Money	Christian Herald - 24th April 2004



Donations to the Salvation Army have risen incredibly in recent years - says Commissioner Alex Hughes, the head of the Salvation Army in Britain and Ireland. In the past decade they have more than trebled, from £11.5 million in 1993-94 to £37.9m in 2002-03.
Money	Christian Herald - 24th April 2004



Research has found that one in five young people has a bank loan by the age of 18, and 76 per cent of 16 to 34-year-olds think it inevitable that people will get into debt. Furthermore, 76 per cent of men and 80 per cent of women surveyed did not like the prospect of being in debt. Only 23 per cent of women and 34 per cent of men were confident with personal finances.
Money	The War Cry - 1st May 2004

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