European Consumer Payment Report reveals Europeans face increased financial polarisation, inflation fears motivate efforts to improve financial resilience
Inflation is back on the agenda. Intrum’s annual European Consumer Payment report shows that Europeans are concerned about the impact of rising inflation on personal finances and debt. And while recovery rates differ by region, income and age groups – the pandemic has raised financial awareness among consumers, who are taking steps to improve their financial literacy and resilience.Intrum’s annual survey, conducted in 24 European countries, suggests that the pandemic is casting a long shadow over consumers’ financial wellbeing.“The pandemic has created a more financially polarised Europe.