Eight in 10 tighten the purse strings

Kathimerini English - - Business -

Eight in 10 house­holds are cut­ting back sharply on ex­penses, in­clud­ing food bills, due to their shrink­ing dis­pos­able in­come, ac­cord­ing to re­cent sur­vey re­sults.

House­holds in the tough­est po­si­tion are those be­long­ing to lower-and medium-level in­come groups and those liv­ing in ru­ral parts of the coun­try, ac­cord­ing to the con­clu­sions of a sur­vey con­ducted by Fo­cus Baris be­tween Septem­ber 2010 and March this year.

Specif­i­cally, 83 per­cent of house­holds said they have cut spend­ing as the coun­try’s eco­nomic con­di­tions con­tinue to worsen, up from 66 per­cent in Septem­ber and 52 per­cent in March last year.

Seventy-five per­cent of re­spon­dents said that they are cut­ting down on en­ter­tain­ment ex­penses, while 69 per­cent have re­duced spend­ing on cloth­ing and footwear, the sur­vey found.

Cash put aside for vis­its to the su­per­mar­ket has dropped, ac­cord­ing to 46 per­cent of house­hold, with al­most four in 10 say­ing that they now spend less on food bills.


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