More than half of Europeans say their budget has tightened over the past three years, according to a recent study.
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    1•1 year ago

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    Of the 10,000 surveyed by Ipsos for French Secours Populaire, 29% said their financial situation was “precarious” and any unexpected expense would make their balance tip.

    Nearly one in two Europeans think that they face a high risk of falling into a precarious situation in the next few months, succumbing to rising prices and relatively stagnant pay.

    A survey conducted by the Joseph Rowntree Foundation (JRF) in June found 5.7 million low-income households in the UK lacking enough money for food, which it called a “horrendous new normal”.

    Of the people surveyed, 38% say they are no longer able to have three meals a day on a regular basis, while only 42% said they have never skipped their breakfast, lunch, and dinner due to financial constraints.

    Although rising inflation figures have, in fact, started to stall, increased food and ingredient prices have not yet fallen, hence the continued, diminished ability to buy produce.

    Europe’s inflation figures tripled in 2022, marking the highest growth rate of all time on the back of towering consumer prices for housing, water, gas, and other charges - which increased by 18% in a year.

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