“Everything Is Fine”? Coinbase’s Video Says Otherwise About the UK's Economic

Key Points

1. The video juxtaposes upbeat lyrics with scenes of poverty, inflation, and financial hardship in the UK.

2. 20.3 million adults in the UK (44% of the population) are financially vulnerable due to unstable incomes, job loss, and limited savings.

3. Debt is increasing among those with average earnings, with 3.5 million carrying high levels of debt.

4. Food bank usage has risen to 15%, up from 11%, reflecting growing financial strain.

5. Young adults are particularly affected, with 1.9 million relying on 'buy now, pay later' services and zero-hour contracts.