Intrum has released The European Consumer Payment Report 2023, a survey on 20,000 consumers across 20 European countries about payment behaviours and ability to manage their household finances and below what emerged.
From the investigation conducted it emerged that 45% of European consumers are surprised by the increase in monthly subscription costs – Mainly millennials and generation Z struggle to keep track of monthly expenses (over 50% compared to 34 % of Baby Boomers). 30% of consumers expect an increase in the purchase of products with the “buy-now-pay-later” formula. 76% are just on par with their expenses or spend too much every month, with an average of exceeding the established budget by €232. One in 5 people does not have a liquidity reserve in case of need.
Here the complete report.
Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.