How much are households spending after a decade of continuous belt-tightening

In just a decade 2 out of 3 top-spending households are gone

and a third of all households are now spending under €1.100 a month.


From 905,536 households in 2008, in the top spending bracket (purchases above €3,500 a month) there remained just 321,902 that could still do so in 2017. That's a 65% drop.

At the other end of the spectrum, the number of households making purchases under €1,100 a month went from 684,399 in 2018 to 1,299,351. That's a 90% increase.

The stats below show what remains after a decade of belt-tightening by Greek households. Could anyone else in the EU have done that?


Table : Total Number of Greek Households by Level of Monthly Purchases, 2008 & 2017


Graph 1: Total Number of Greek Households by Level of Monthly Purchases, 2008 & 2017


Data Source: ELSTAT Greek Household Budget Surveys, 2008 & 2017



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