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Cypriots are feeling the pinch in different ways, according to a new survey that highlights the divide in how people are coping with their household finances. The results, from a study by the Pancyprian Association of Consumers and Quality of Life in collaboration with CMRC Cypronetwork Ltd, show that while some households are managing just fine, others are barely keeping their heads above water, and many are finding it hard to survive.<\/p>\n
The survey, conducted in February and involving 1,000 people from both urban and rural areas, paints a picture of financial uncertainty for many Cypriots. About one in three households say they are getting by comfortably; another third say they\u2019re struggling to make ends meet; and the rest say they\u2019re facing serious financial challenges.<\/p>\n
It\u2019s not just a matter of household incomes, though. The survey also revealed that 66% of households haven\u2019t seen any change in their income over the last six months, while 18% reported an increase and 15% saw their income drop. At the same time, nearly 90% of people said that prices for goods and services have been going up.<\/p>\n
On top of the rising cost of living, many Cypriots are also carrying significant debt.<\/p>\n<\/p><\/div>\n
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