The rising cost of living is a “nightmare” for Greeks

The rising cost of living is a “nightmare” for Greeks

Consumers and businesses are given a “headache” by the continuous price increases observed in the market and the jump in energy prices, with the result that the rising cost of living is the biggest concern for 100% of Greeks, compared to 93% of citizens in the EU, according to with the published Eurobarometer survey.

More specifically, across all EU member states, more than seven out of ten respondents are concerned about the rising cost of living, with the worst results seen in Greece (100%), Cyprus (99%), Italy and Portugal (98% for both countries). Rising prices, including for energy and food, are felt across all social and demographic categories, regardless of gender or age or educational and socio-professional profile.

The second biggest concern of European citizens with 82% is the threat of poverty and social exclusion, which in Greece is 97%.

At the EU level, climate change and the spread of the war in Ukraine to other countries are the third most pressing concern (81%). Migration, however, is of particular concern to Greek citizens and is the third most widespread concern at 86%, followed by climate change at 84% and the spread of the war in Ukraine to other countries (78%).

Regarding the economic situation of the citizens, the research shows that the effects of the successive crises are becoming more and more felt. Almost half of the EU population (46%), compared to 66% in Greece, say that their standard of living has already decreased due to the consequences of the COVID-19 pandemic, the consequences of Russia’s war in Ukraine and the rising cost of living. Also, 39% of respondents in the EU, compared to 29% in Greece, say they have not yet seen their standard of living fall, but expect it to in the next year, creating a rather bleak outlook for 2023.

Another telling indicator of growing financial hardship is the rise in the proportion of citizens who struggle to pay their bills “most of the time” or “some of the time”, up nine points from 30% to 39% across the EU since the autumn of 2021. In Greece there was an increase of 14 units, with this percentage reaching 86%.