According to a recent report based on the findings of a socioeconomic study carried out in Austria by the Federal Statistical Office, more than a third of Austrian individuals reported having low incomes.
“More than one-third of those polled in May and June reported losing some of their income in the previous year. About 2. 3 million individuals agree with this figure.
The main cause of the income loss is most likely due to excessive inflation, which has a greater detrimental effect. Reduced working hours and reduced pay are no longer the primary causes of low income as they were in earlier periods.
In the upcoming year, 31% of study participants predict their families’ income to go down as well. The importance of the savings increases for them.
44% of the Austrians participating in the poll indicated that they “will reduce their spending on large purchases such as furniture, cars and travel, and this is a significant increase compared to the previous two studies. ”
According to the report, at the start of last summer, 16% of the research participants had trouble paying their current bills, and 28% of those between the ages of 16 and 69 were unable to spend more than €1300 without taking out loans.
The report went on to say: “The difficulty of paying for housing is getting worse. In the second quarter of 2022, the cost of housing has increased to be a significant financial burden for about 1.1 million people (18%), up more than 5% from the first quarter of this year.”
About 19% of the Austrians expressed their concerns that at the beginning of the summer they will face difficulties in paying the cost of housing and any rental payments or loan and the cost of housing and maintenance in the coming months.
From Novosti.
More than a third of Austrians declare they have low incomes.
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