European Consumer Payment Report 2014
The European Consumer Payment Report 2014 explores the slow recovery from the economic crisis affecting millions of consumers across Europe. With over 21,000 respondents surveyed, this report highlights the lack of confidence in financial recovery, rising consumer debt, and the urgent need for effective financial education.
Pessimism about economic recovery
40% of Europeans surveyed do not expect any improvement in their national economy, reflecting widespread concerns about financial stability and future growth.
Financial stress on households
35% of respondents admitted to not being able to pay a bill during the previous six months due to lack of funds, indicating significant financial strain on many households.
Financial education
Despite a strong desire for improved financial management skills, many consumers feel inadequately prepared to handle their finances, underscoring the need for enhanced financial education initiatives.
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