Survey after survey confirm that Greek workers are struggling to make end meets when compared to the rest of the EU member states.
In the latest study, citing data from a Eurofound (European Foundation for the Improvement of Living and Working Conditions) survey the Greek Labor Institute of GSEE (INE GSEE) says 30.3% of Greek employees are unable to forecast their income for the next 3 months.
Meanwhile, according to the latest study by the Greek Labor Institute of GSEE, Greeks are worse off than their Romanian and Lithuanian counterparts.
As recorded by the Eurofound survey, nearly half of the workers in Greece (45%) struggle to meet their obligations with their current salary. This percentage is the highest among EU member states and almost double the Union’s average which stands at 24.5%.
In contrast, in Lithuania, only 14.1% of workers find it difficult to make ends meet with their salary, a rate three times lower than that of Greece. While Spain recorded the highest unemployment rate in the EU, it has an income uncertainty index for workers at 21.4%, significantly lower than Greece.
The same index in Lithuania for the next quarter stands at 14.9%, which is 49.7% lower than Greece. Romania, which in the past lagged significantly behind Greece, is now in a noticeably better position in terms of income indicators.
The difficulty index for workers meeting their financial obligations was calculated at 29.1%, which is 15.9 percentage points lower than that of Greece. The latest Eurostat data indicates that Greece has the second lowest per capita income in the EU in terms of purchasing power units.
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