Cost of Living
More than half of Portuguese people used credit to pay bills in the last six months
A study by Intrum indicates that 53% of Portuguese respondents used borrowed money or credit cards to pay bills in the last six months, rising to 79% among lower-income groups. While 75% of consumers pay bills on time, 24% have paid at least one bill late, with 59% citing forgetfulness and 24% citing lack of funds as the primary causes for delays.
Why it matters
This data highlights a broader trend of financial strain; if you are managing your budget in Portugal, the report notes that rising costs of living and wage stagnation are cited as top pressures, even as more residents prioritize emergency savings.Correio da ManhãRead original ↗
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