Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis

Economy Tags: Cost of living, Eurostat
By Panayotis Tzamaros/Fosphotos
By Panayotis Tzamaros/Fosphotos

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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