The number of people in financial difficulty is increasing - Business

The number of people in financial difficulty is increasing – Business

(Belga) The number of people experiencing (major) financial difficulties has increased in one year, from 11.7% of the Belgian population aged 16 to 74 in the third quarter of 2021 to 16.1% in the second quarter of 2022, according to Statbel data released Thursday. The gap is also widening between the Regions since it is now close to 30% in Brussels against just over 10% in Flanders. In Wallonia, 21.1% of people have difficulty making ends meet.

All categories of the population are concerned. More than a third of single parents (34%) are now in this situation, compared to 17.6% in the third quarter of 2021. Students and pensioners are also increasingly facing difficulties. The increase is spectacular for students who are 18.2% having difficulty making ends meet in the second quarter of 2022, against 10.7% in the third quarter of 2021. For pensioners, the proportion has increased from 10.8 to 15.5% in the second quarter, notes the statistical office. Workers seem to be spared more, but they are also becoming more likely to fall into precariousness. “Having a job does not protect 10.4% of workers from having (great) difficulty making ends meet” when only 6.5% recognized difficulties in the third quarter of 2021. At the request of the European Statistical Office (Eurostat), Statbel carries out this quarterly survey on the personal well-being and living conditions of Belgians (16 to 74 years old) in order to monitor social recovery during the Covid-19 pandemic. (Belga)

All categories of the population are concerned. More than a third of single parents (34%) are now in this situation, compared to 17.6% in the third quarter of 2021. Students and pensioners are also increasingly facing difficulties. The increase is spectacular for students who are 18.2% having difficulty making ends meet in the second quarter of 2022, against 10.7% in the third quarter of 2021. For pensioners, the proportion has increased from 10.8 to 15.5% in the second quarter, notes the statistical office. Workers seem to be spared more, but they are also becoming more likely to fall into precariousness. “Having a job does not protect 10.4% of workers from having (great) difficulty making ends meet” when only 6.5% recognized difficulties in the third quarter of 2021. At the request of the European Statistical Office (Eurostat), Statbel carries out this quarterly survey on the personal well-being and living conditions of Belgians (16 to 74 years old) in order to monitor social recovery during the Covid-19 pandemic. (Belga)

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