Tag: household expenses

  • Statistics on household expenses

    Statistics on household expenses

    An inquiry into the quality of life
    conducted by the National Statistics Institute last year shows that nearly two
    in five households, accounting for 37.6% of the total population, are having a
    hard time covering the costs of living. The figure reaches as high as 80% of
    total households, when taking into account the coverage of daily costs, the
    Institute further reports. On the other hand, one in five households find it
    easy to cover living costs.

    Of those households experiencing difficulties,
    47.4% are run by women, 44.7% by senior citizens and 57.1% are made of two
    adults with three or more children in their care. Additionally, 59.9% of
    households experiencing difficulties have an unemployed as the family provider,
    while 52.6% are being provided for by someone working in the agriculture
    sector. Still, in terms of covering important running costs, such as utility
    expenses or bank loans, the study reveals that a third of households are
    incurring repeated arrears, mainly due to their substandard financial
    situation.

    Most arrears last year were reported
    for electricity, household upkeep and mobile phone services bills. As regards
    the family provider, families living on unemployment benefits are by far
    experiencing the most difficulties, with a share of 59.5% of the total number
    of households that were unable to pay their dues. Arrears are equally reported
    largely in the case of families with children, especially those made up of two
    adults and three or more children in their care, or in the case of families
    with a single parent with at least a child in his care. The estimation of the
    minimum level of income that would allow households to cover living costs is
    directly linked to the degree they cope with daily costs. More than a quarter
    of households consider they can cover livings costs with a minimum net income
    of 208 to 416 euros, but three in five households need at least 416 euros to
    cover monthly expenses. Over a third of households consider the minimum monthly
    income required to cover running expenses should be higher than 625 euros.


    (Translated by V. Palcu)