More than half of Europeans say their budget has tightened over the past three years, according to a recent study.
Rising prices have pushed almost one-third of Europeans into a “precarious” financial situation, a recent survey has found.
The second European Barometer on Poverty and Precariousness examined Europeans’ ability to make purchases and found that it has declined over the past three years, forcing a majority of them skip meals and resort to making difficult financial choices.
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. The 2021 at-risk-of-poverty rate for the total population of the EU stood at 17%, as per Eurostat.