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Financial health of Czechs is threatened mainly by high energy prices, payments for energy burden Czech households' budgets almost the most in the EU
Financial health of Czechs is threatened mainly by high energy prices, payments for energy burden Czech households' budgets almost the most in the EU
15.09.2022 Company: Česká spořitelna, a.s.
In the area of financial health, the Czech Republic ranked 13th in the EU comparison. Despite the fact that Czechs save on average about a fifth of their wages, over 60% of low-income households in our country have no financial reserves.The high energy costs, which rank us 3rd worst in the EU, are also a barrier to a better ranking. Moreover, the energy and inflation crisis is worsening the situation. This is according to the eighth pillar of the Czech Prosperity Index, which analyses 10 socio-economic indicators comparing the Czech Republic with other EU members.
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