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7 Nov 2022, One in four Europeans say their financial position is ‘precarious’
Study by anti-poverty NGO shows more than half feel at financial risk and 80% have already made hard spending choices
One in four Europeans describe their financial position as “precarious”, more than half see a serious risk it will become so over the coming months, and 80% have already been forced into hard spending choices, according to a survey.
Shaftesbury, Dorset, covered in a light blanket of snow.
Colder early winter in Europe could worsen cost of living crisis, say forecasters
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As the cost of living crisis, driven by high energy prices, rampant inflation and Russia’s war on Ukraine, tightens its grip, the six-country survey for the French anti-poverty NGO Secours Populaire painted an alarming picture of “a continent on the brink”.
More than half (54%) of more than 6,000 people across France, Germany, Greece, Italy, Poland and the UK told the pollster Ipsos their purchasing power had fallen over the past three years – mostly due to higher food, fuel, heating and rent bills.
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