Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Study: Rocketing Cost of Living Crisis Affects 90% of Europeans


Thu 12 Jan 2023 | 11:19 AM
Ahmed Moamar

A study conducted by European Parliament experts revealed 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.

And 45% said they currently face 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.