Priceless life – study: 1.7 million people have financial problems

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Corona, the Ukraine crisis, rising prices and high inflation have caused the cost of living across Austria to rise noticeably for months. Especially young people, retirees and families now have to tighten their belts. A recent study by the Ministry of Social Affairs paints a disastrous picture.

Three days, forty hours and forty legislative acts must be completed before this year’s summer recess in Parliament. The SPÖ quotes ÖVP Chancellor Karl Nehammer for an urgent question in Parliament. The focus is on inflation.

The SPÖ demands that the prices of the most important basic necessities, from food to energy and housing, be lowered by intervening in the price system.

The situation in the local families is indeed worrying. A study by the Ministry of Social Affairs, for which more than 3,500 people were interviewed in Austria in the first quarter of 2022, paints a disastrous picture.

1.7 million people cannot afford unexpected expenses of 1,300 euros at the moment. More than 770,000 people cannot fulfill even small wishes. 383,000 people do not have enough financial means to heat their homes.

Source: Krone

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