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01 December 2023

The cost of living crisis affects 90% of Europeans

By dpa

A study conducted on behalf of the European Parliament shows that the current cost of living crisis is a concern for more than nine out of 10 Europeans, with nearly half of the population already affected.

As many as 93% of those surveyed said they were concerned about the rising cost of living, while 46% said their standard of living had already fallen, and 39% expected it to be affected in the future.

A total of 45% said they are currently experiencing some or a lot of difficulty living on their family income.

In December, inflation in the eurozone was 9.2 percent, according to the European Union’s statistics agency (Eurostat).

Other major concerns for EU citizens were poverty and social exclusion (82%), climate change (81%), the spread of war in Ukraine (81%) and the risk of a nuclear accident (74%).

Respondents said they were largely dissatisfied with the measures taken by the European Union and national governments to address the crisis.

A total of 64% stated that they are not satisfied with the response of their national government compared to 56% of those who expressed this regarding the measures taken at the level of the European Union.

Nevertheless, seven out of 10 Europeans approve of the EU’s financial, military and economic support for Ukraine.

The findings of the study are based on more than 26,000 interviews conducted in October and November in the 27 EU member states.