According to Deloitte, only a third of Portuguese manage to put money aside at the end of the month, and 51% say they cannot cover unexpected expenses within three months.
According to ConsumerSignals, a global Deloitte database that aggregates information on consumer spending patterns across countries, 69% of Portuguese say they are unable to save money at the end of the month, the consultant said in a statement.
Despite this, the number of Portuguese who said they could save rose slightly in June (from 30% to 31%), according to the platform, after falling in May.
Half of Portuguese are unable to cover major unexpected expenses in the next three months, while the same proportion (54%) admit to postponing major purchases.
“For these two indicators, Portugal has recorded the highest value in the last month among all [17] countries analyzed,” Deloitte points out.
The last unusual purchase reported by respondents had an average value of 40 euros, with clothing and accessories being the main preference. On the other hand, “in other European countries such as Germany, Spain, France and Italy, food and drink were the priority.”
When it comes to inflation, the vast majority of Portuguese (83%) said they were worried about the rising cost of living, with more than half saying they had primarily bought white brands in June.
The ConsumerSignals platform collects data monthly and is based on information from thousands of Portuguese consumers, adults over 18 years old.
Author: Lusa
Source: CM Jornal
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