The study noted that the decline in income at the European level is mainly affecting those who have low income.
Roughly 63% of European respondents' income did not change last year, but many of them fear that it may soon fall, Intrum said. More than half of lower-income farmers tightened their belts, and reduced their purchases of non-vital goods.
To make ends meet 21% took on extra work during the pandemic, 16% borrowed from their families and 9% took out a bank loan.
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