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Low incomes are the main cause of precariousness for 75% of Portuguese peoplePhoto by 9442836 on Pexels
Business
Экономика

Low incomes are the main cause of precariousness for 75% of Portuguese people

CNN Portugal10 September 2026 at 06:34

The overwhelming majority of Portuguese people, 75%, identify low incomes as the main cause of their financial precariousness. This is one of the conclusions of a study that analyzed the material and financial conditions of Europeans.

The study reveals that, across all the countries analyzed, approximately 29% of Europeans, that is, almost three in every 10 people, find themselves in a situation of financial and material precarity.

The definition of precarity used in the study is based on a specific criterion: a person is considered to be in a precarious situation when an unexpected expense can destabilize their family budget.

Portugal has one of the highest percentages in Europe on this indicator, with three quarters of the population pointing to low incomes as the determining factor for their financial vulnerability.

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