The family treasury has been empty since the 18th day of the month in 52.4% of households, while revaluation in goods and services to distribute available monthly income. Among other things, the annual income survey conducted by Small Business Institute of the General Confederation of Professional Artisans of Greece (IME GSEVEE). In fact, this percentage is the highest since 2018, when there was no inflation, but there was still high unemployment and lower wages.

In the same time, inflationary crisis what followed the pandemic seems to have increased income inequality. For example, 30.1% of households with an income of up to 30,000 euros said their income fell in 2022, compared to 11% who said it increased and 58.9% who said it remained stable. In contrast, 22.7% of households with incomes over €30,000 said their incomes increased, compared to 16.7% who said they decreased and 60.6% who said they remained stable.

The impact of inflation on average incomes is also significant, with almost 6 in 10 households (57.3%), according to the survey, saying they need to cut spending to cover what they need, a significant increase from the 2021 survey.42 .3%). In addition, the percentage of households that appear to be living in extreme poverty remains consistently high (11.9%).

GSEVEE’s annual survey reveals strong pressure from the revaluation of goods and services.

In an effort to meet basic needs, households are cutting spending on entertainment, entertainment, and clothing by postponing doctor visits. 39.5% cut their spending on publications.

37.9% reduced spending on clothes and shoes, and 35.6% of households began to spend less on travel. On the other hand, 73.7% of households increased their spending on household bills, 64.8% on food, 60.7% on heating, and 51% on transport.

More than 1 in 3 (36.3%) households were late in seeking appropriate treatment for a medical problem, 1 in 4 (25.6%) were late in paying their electricity bills, and 18.8% were late in paying their heating bills.