spaniards savings

Eurostat: 27 in every 100 Spaniards at risk of poverty

65% Of Spaniards Fear Losing Their Job

T.C. | Almost half of Spaniards (43%) say they are in poor financial health, compared to 31% before Covid-19. Moreover, the number of respondents who assign a failed grade to their fellow citizens’ financial health, rating it below five out of ten, has almost doubled from 49% to 81%. This makes Spain the country with the worst perception amongst the eight that took part in the survey. It comes below Turkey and a long way behind the Netherlands, the country with the best score in this respect. These are some of the main conclusions drawn from the financial health survey conducted by ING’s TFI Consumer Research in eight European countries.


Savings

Around One Third Of Spaniards Resorted To Their Savings During The Pandemic

Thirty one per cent of Spanish citizens have had to use their savings during the pandemic. This is at least double that of France (15%), Germany (14%) and the Netherlands (12%). In addition, 19% of Spaniards have had difficulty in meeting their housing costs. In these three above-mentioned countries, the percentage of those who acknowledge this problem is around 10%. This is data from the latest Focus on Spanish Society, a publication edited by Funcas.