Consumer scorecard finds Greeks struggling most in EU with cost of living crisis
Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
DBRS leaves Greece a notch from investment grade, outlook stable
Survey highlights households struggling with cost of living, delivers worst outlook since 2019
Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis
The struggles of Greek households, particularly those considered vulnerable, in coping with the cost-of-living crisis were captured in the latest housing overburden data published by Eurostat. It shows that even before the inflation wave intensified (the latest data is for 2021) Greek households had little leeway to cope with rising prices.
According to Eurostat, Greece already tops the housing burden table in the total population, with over 34 percent of disposable income allocated to housing. This includes mortgages, rents and utility bills.
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