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