Impact that the increasing number of social grant has on unemployment rate
Answers
Answer:
Essentially, people turn to social grants because they can’t provide for themselves and/or their families financially. The main reasons for this are unemployment and lack of education which are most often related. The General Household Survey shows that school attendance for children aged 7 - 15 is at a good rate of 88 %. Unfortunately after the age of 15, attendance drops dramatically and by the age of 24, roughly 10.5 % of South Africans are attending an educational institution.
The biggest reason for this drop in attendance is lack of money to pay school fees. 22 % of people aged 7 - 18 gave this as the reason for not attending school. Unemployment coincides with the poor rate of school attendance as 26.7% of South African’s are currently unemployed, compared to 24.5 % in 2015. 65 % of the unemployed have not had a job for a year or more. The increase in unemployment is due to the effects of the global economic crisis which hit in 2007/2008.
The biggest job losses have been in the Trade, Manufacturing and Construction industries. The current increase in unemployment fuels the lack of funds to pay school fees. While school attendance remains low, and unemployment continues to increase, more and more South Africans are turning to social grants for financial help.
Explanation:
HOPE THIS HELPS U MY FRD :)
PLZ MARK AS BRAINLIEST ....
>>>>>>>THANK U<<<<<