While Greek households have seen a slight improvement in their financial situation in 2024, the majority continue to struggle to meet basic needs, according to the latest annual survey by the Small Enterprises Institute of the Hellenic Confederation of Craftsmen and Merchants (IME GSEVEE).
The survey, conducted in collaboration with research firm MARC, polled 1,201 households across Greece, highlighting the continued economic pressure on families. Despite signs of stabilisation, 60% of households report that their income is insufficient to last the entire month, and 81.6% say they are unable to save any money. Alarmingly, 11.7% of respondents are living in conditions of extreme poverty.
Rising Costs and Growing Concerns
The findings indicate that financial difficulties persist, particularly among self-employed individuals and small business owners, who report increasing hardship. Many are struggling to keep up with arrears, and concerns over potential home losses are growing. Additionally, access to essential services such as healthcare and education is becoming more difficult.
A key issue remains the rising cost of living, with soaring food and utility prices affecting nearly all households. More than 72% of respondents have been forced to cut back on spending in other areas, while over 60% report an increase in food and housing costs.
Public Demand for Government Support
Amid the ongoing financial strain, Greek citizens are calling for stronger government intervention. The survey found that the top priorities for relief measures include:
- Raising salaries and pensions (69%)
- Tighter control of profiteering (52.7%)
- Reducing taxes (45.9%)
Despite some economic stabilisation, public dissatisfaction with government policies has grown, with respondents evaluating the government’s handling of financial issues more negatively than in previous years.
