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.
