According to a study conducted by the WIN Association and the Mediana Institute, 28 percent of people in Europe find it difficult to meet their monthly expenses, while the global figure is 37
In Europe, 28 percent of people find it difficult to meet their monthly expenses, while the global figure is 37. In Slovenia, this number is 12 percent, in Croatia 23 percent and in Serbia 34 percent, according to a study conducted by the WIN Association and the Mediana Institute. For this reason, almost half of Europeans have reduced their expenses, and together with those who plan to do so, 70 percent of Europeans are saving. This figure is higher than the global average. Almost three-quarters of the world’s population have said they are already trying to spend less or plan to take steps to do so, according to a study by the World Association for Market and Public Opinion Research WIN and the Median Institute.
Meanwhile, in Slovenia, two-thirds of the population have said they are cutting back; 42 percent of the population have already cut back, while 24 percent plan to do so soon. In the region, the savings are even greater – three-quarters of residents in Croatia and Serbia have reduced spending.
The Median Institute notes that globally, Generation Y (born between 1960 and 1979) and Generation X (born between 1980 and 1995) are in the most difficult financial situation. About 40 percent of members of these two generations say they have difficulty meeting monthly expenses. They are followed by Generation Z (born after 1996), with 37 percent facing financial challenges. Members of Generations X and Y have cut their financial expenses the most globally – three-quarters of them have already cut or plan to cut their expenses. Among Generations X, Y and Z, i.e. all young people under 59, only one-fifth do not plan to make any changes.
The study was conducted under the auspices of WIN (Worldwide Independent Network of Market Research and Opinion Polling) in 39 countries around the world. This is a long-term study that has been conducted in a similar format since 2019 and a total of 33,866 people participated in it. In Slovenia, the study was conducted by the Mediana Institute on a representative sample of 700 adult residents.
