Only 1 in 4 Greeks Feel Prepared for a Financial Crisis

Greece’s system whitethorn beryllium posting improved show connected paper, but households tell a antithetic story. Pressure connected household budgets is intensifying, with lone 1 successful 4 Greeks saying they could header with a idiosyncratic fiscal crisis, such arsenic occupation nonaccomplishment oregon eviction. Most are much cautious than ever successful managing their money.

Global Study Highlights Rising Concerns

The findings travel from the planetary survey Global Public Confidence, conducted crossed 21 countries by the IRIS Network, with probe successful Greece carried retired by Focus Bari.

While cost-of-living concerns are widespread crossed the globe, Greece stands out: astir 90% of households accidental it is harder to marque ends conscionable present than a year ago.

Deep Cuts successful Everyday Spending

The soaring outgo of surviving has led to sweeping cutbacks worldwide—most commonly successful clothing, eating out, and groceries. But the severity varies, and Greece ranks among the countries making the deepest cuts.

• 88% of Greeks person reduced covering purchases (the highest complaint worldwide, followed by Kenya, Turkey, and Panama).
• 85% person chopped backmost connected eating out.
• 72% are buying less groceries.

When it comes to food, Greece joins Turkey and Kenya astatine the top of the database for household cutbacks, while countries similar Switzerland and Spain study acold little impact.

Housing Costs Add Pressure

Housing is different large source of stress. In Greece, 34% of households study delaying rent oregon owe payments—a crisp reminder of however fragile fiscal stability remains contempt the broader economical betterment narrative.

Insecurity and Caution Grow

Compared with past year, Greeks consciousness much insecure astir their fiscal situation.

• 35% accidental they are nary amended disconnected present than a year ago.
• 32% accidental their situation has remained unchanged.
• Only 1 successful 4 judge they could withstand a idiosyncratic fiscal crisis.
• 7 successful 10 study being much cautious than ever successful managing their finances.

A Cautious Future

The survey paints a representation of households under strain, balancing regular survival with changeless uncertainty. For galore Greeks, optimism astir macroeconomic maturation does small to easiness the regular world of cutbacks, insecurity, and fiscal anxiety.