Many Czechs facing financial difficulties, survey

Food

Graphic by kozhedub_nc /Shutterstock.com

More than half of Czechs now have problems making ends meet on their monthly income, according to the results of a survey conducted by the credit company Fair Credit among 880 respondents, Czech Radio reports.

One in 10 respondents said they need to borrow ahead of payday, while 43% of people say they live from one pay check to the next. Before the coronavirus crisis only 28% of people said they had no financial reserves.

Financial experts predict that as, shops and services reopen, people’s financial problems will only deepen. Part of the problem is that only 29% of respondents have a good overview of their expenditures, most often people over the age of 45, Czech Radio adds.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.