Portuguese among Europeans who struggle most to save

in News · 29-10-2020 11:40:00 · 2 Comments

Portugal is among five European countries where people are least able to put away cash at the end of the month.

Just under half of all Portuguese say they are unable to accumulate any savings, with this figure rising to 60 percent for people with children. According to the annual European Consumer Payment Report, Poles are least likely to save, followed by Hungary, Italy, Greece and Portugal.


Comments:

There's not a lot you can put aside when salaries are low and living costs are high. All the focus seems to be on attracting wealthy foreigners and companies to prop up the economy one way or the other, while local people lose out. The young generation needs a brighter future in their own country, starting with higher education, diverse career prospects, affordable housing.

By Annie from Algarve on 30-10-2020 10:54

The problem is the ridiculous minimum wage,that we have a country of old people and the young leg it abroad, I would double the minimum wage overnight, and folks would still spend it all, 1st you get double iva back, the the doubling of business tax because folk would spend their money, and the young would stay. And the country would advance rapidly.

By Karl blore from Algarve on 29-10-2020 04:40
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.