7 Dec, 2020 @ 18:30
1 min read

Nearly one in five Spaniards struggles to pay the bills because of COVID-19


SPAIN has been struck so hard by the coronavirus pandemic that for 19% of Spaniards it is difficult just to pay the rent or mortgage.

In a survey carried out by the financial think tank Funcas, 31% of Spaniards said they had been forced to dip into their personal savings – a much higher figure than those for France (15%), Germany (14%) and the Netherlands (12%), for example – and 14% had asked family or friends for financial support.

Untitled 2
Figure from the Focus on Spanish Society report by Funcas

The Funcas survey also reported other significant findings, including that 42% of the Spanish population has acknowledged a loss of income since the outbreak of COVID-19.

This is the second highest proportion in the EU (after Hungary at 44%) and over double that of its neighbour, France (20%), which has imposed similarly severe restriction measures this year.

Overall, 48% of EU citizens believe the economic impairment caused by the restrictions is greater than the health benefits.

Spain (46.9%) is one of only 10 EU countries with a percentage below the EU average.

Laurence Crumbie

Laurence Crumbie is a writer from the UK based in Estepona. Before joining the Olive Press he worked as a freelance travel journalist in Myanmar, where he lived for two years.
When he isn't planning his next intrepid trip, Laurence is hunting for great green stories, especially local ones, or writing features for the La Cultura section.
If you have a story, please contact him at laurencec@theolivepress.es.

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