The damage of inflation to the livelihood of Europeans

Difficult financial constraints caused by inflation are forcing more Europeans to cut back on meals and live in “precarious” conditions, a new study has found.

According to the statistics of new studies, one out of every four Europeans has identified himself as being involved in a “precarious” financial situation due to increasing inflation.

According to the writings of the “Euro News” database, the results of a study called the second “European poverty and instability gauge” conducted by the opinion polling company “Ipsos”, the purchasing power of Europeans has decreased over the years and forced the majority of them to downsize. Making meals has complicated their financial options as well.

Of the 10,000 participants in the study, 29 percent said their finances were “shaky” and that any unexpected expense would cause a new problem or upset their life balance. On the other hand, about 50% of Europeans believe that within the next few weeks, they will be overwhelmed by the increasing prices and the salaries that they leave behind, and they will fall into a precarious financial situation.

According to the European Statistics Office (Eurostat), the rate of people at risk of poverty in the entire EU population was 17% in 2021, while a new study showed that only 15% said they were confident about their financial situation and did not need to worry. They do not have their daily expenses.

The results of the same study revealed that the majority of Europeans are now forced to limit their choices due to difficult financial conditions.

According to Euronews, runaway inflation in almost every sector in Europe has forced “complex choices” on Europeans, including cutting back on a meal, keeping the heating off, borrowing money or not treating a health problem. . This statistic was especially high in the countries of Greece and Moldova.

A June study by the Joseph Rowntree Foundation found that 5.7 million low-income households in the UK lack money to buy food, which the foundation called the “scary new normal”.





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