US/UK/Canada

Share

Contacts

  • Kristin Andersson

    Global External Communications Director


    Riddargatan 10 114 35 STOCKHOLM SWEDEN
    +46 70 585 78 18
    http://www.intrum.com
  • Anna Fall

    Chief Brand & Communications Officer


    Riddargatan 10 114 35 STOCKHOLM SWEDEN
    http://www.intrum.com

    • Links

    Pick a time period -
    Tags ( Active)

    Surging costs are causing European consumers to cut back on sustainable choices

    Intrum’s annual European Consumer Payment Report, published today , paints a gloomy picture of European consumers’ financial wellbeing and economic outlook. With rapidly increasing costs of living, consumers are cutting back on more sustainable goods and services to manage their household finances.Intrum’s European Consumer Payment Report (ECPR), where 24,000 European consumers are having their say about payment behaviours and economic outlook, shows that the record-high increases in the cost of living have set off a wave in bill-anxiety, forcing consumers

    European consumers expect to take on additional debt over Christmas period

    “Bringing family together and meeting expectations”. These are the reasons why one in five Europeans take on additional debt at Christmas, according to Intrum’s annual consumer report conducted in 24 European countries. Although households with families are more likely to take on debt to pay for food and presents than the average consumer, the age group being most likely to do so is Generation Z (age 18-21).“While one in three consumers feel that their financial wellbeing has deteriorated post-Covid, many also feel the urge to take on substantial levels of debt to celebrate the upcoming

    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.

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe

    Media