Income

Monthly income is enough for only 19 days for many households

The incomes of one in two households in Greece lasted until the 19th of each month on average in 2021, according to the results of a survey.

The survey was conducted late last year by the Small Business Institute (IME) of the Hellenic Confederation of Professionals, Craftsmen and Traders (GSEVEE).

One in two survey respondents expect their income to decline further in 2022 due to rising inflation from soaring energy costs, and struggle to meet their obligations to the tax authorities, insurance funds and lenders.

“There was an increase in spending to cover household bills for 65 percent of households, while more than 50 percent had to spend more on food, heating and transportation,” the president told Xinhua on Thursday. from GSEVEE, George Kavvathas.

The situation has deteriorated since the beginning of the Russian-Ukrainian crisis, he said.

Recent figures from the Hellenic Statistical Authority (ELSTAT) showed Greece’s annual inflation rate rose to 7.2% in February, hitting a 26-year high.

This strong increase was attributed mainly to a 78.5% rise in the price of natural gas, 71.4% of electricity, 41.5% of fuel oil and 23.2% of fuels and lubricants.

In an opinion poll shown Wednesday on Mega TV, around 56% of respondents said their financial situation had deteriorated over the past year.

The government has announced a series of measures to help households and businesses cope with the crisis, but according to Kavvathas and other professionals and citizens, more is needed. [Xinhua]