Poll: 8 out of 10 Greeks refuse entertainment, 20% do not pay their bills

Greek consumers have long faced the hard reality of trying to figure out how to cut costs in order to get through the rest of the month.

Important data on the consumer habits of citizens provides the latest survey ΙΕΛΚΑ (Retail Consumer Products Research Institute), which was held from November 9 to 11. It shows that in recent times, consumers have made significant changes in their consumer habits in various areas of behavior, which are largely due to the overvaluation of goods and services.

Unpaid bills, delayed repairs, cuts to supermarkets and travel

• 80% of the population said they have canceled spending on entertainment such as meals, holidays, travel, etc.
• 66% said they had reduced their electricity consumption, and 62% of the population said they had put off maintenance and repair work on, for example, their home or car.
• 55% – more than one in two – said they had reduced their total purchases of food and groceries.
• 25% say they have used money from their savings to pay for purchases.
• 20% delayed or stopped paying bills.
• 15% say they have increased their working hours or found a second job to increase their income,
• 10% increased their use of credit cards to cover their purchases. Only 9% of the population say they have taken absolutely no action to combat inflationary pressures.

The survey was conducted on a sample of 1,000 consumers from 9 to 11 November 2022 and covered, among other topics, the perceived impact of price increases, the war in Ukraine and the COVID-19 pandemic on consumer habits in Greece. Also, according to the survey, the tendency of consumers to save money in terms of purchases of basic goods and services and, secondarily, money management is obvious.

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