European Consumer Payment Report 2013
The European Consumer Payment Report 2013 examines the financial challenges faced by over 10,000 consumers across 21 countries in Europe. This report reveals declining consumer confidence, the impact of rising costs, and the critical need for improved financial literacy to help consumers navigate their economic realities.
Financial strain
32% of respondents feel they struggle to make their money last, with 27% stating they do not have enough for a dignified life. This highlights the significant financial pressures many consumers are facing across Europe
Concerns about debt
Many consumers report relying on borrowed money to pay bills, with 14% admitting to borrowing from friends or family. This trend underscores the increasing reliance on informal lending sources amidst rising economic pressure.
Attitudes
While a majority believe bills should be paid on time, many consumers express a desire for more financial education. The need for improved understanding of financial management is crucial in helping consumers navigate their economic challenges.
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