We try to save the most on online subscriptions and streaming services

By: Trademagazin Date: 2024. 03. 13. 12:38

Most European consumers are confident about their financial situation, but many, especially younger age groups, find it difficult to save and keep track of monthly expenses. Most consumers try to shop at cheaper grocery stores or buy cheaper substitutes, and look for side jobs or higher-paying jobs to supplement their income. And most people would be willing to sacrifice the gym and their streaming subscription, according to Intrum’s latest European Consumer Payment Survey.

European consumers are generally optimistic about their financial situation, but at the same time, in some areas, there are concerns about their financial resilience. Based on the latest results of the European Consumer Payments Survey (ECPR) conducted by Intrum, it was found that the majority of Europeans are confident that they can pay their bills each month. 41 percent of the respondents are definitely, while another 32 percent are quite sure.

At the same time, the data shows that we are less confident in our ability to save and track our monthly expenses. Only 21 percent of respondents said they would be able to set aside money each month for emergencies or long-term savings. There is also less confidence in tracking monthly expenses and paying off debts and online subscriptions: 36 percent of respondents are very confident, while 34 percent are only fairly confident in this area.