What are challenger banks and what is driving them?

What are challenger banks?

These are financial service companies that began in the last few years that are competing with the offering of traditional banks. Examples of challenger banks include Monzo, Starling, Atom. Examples of traditional banks include HSBC, NatWest, Lloyds Banking Group.

Human Economic Lifecycle

This is the stereotypical traditional pattern of spending humans have in their adult lifetime.

How can you tell the health of an economy?

Governments aim to grow the economy, keep employment high and prices stable. The economy is what enables individuals to have goods and services, which includes housing, food and recreational activities.

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