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Six out of ten Spaniards fail to save 200 euros per month, according to a study

BayRadio | April 26, 2022

The price of electricity has again stood above 200 euros this Monday. It has risen 54% in just one day and is four times more than a year ago. For slots, the maximum price for this Monday was recorded between 20:00 and 21:00, with 275.71 euros/MWh; while the minimum was 170 euros/MWh between 15:00 and 16:00. In the first 25 days of April, the price of electricity averages 186.58 euros/MWh, 34% below the value of March, the most expensive month in history with 283.3 euros/MWh, although it almost doubles the average price of 2021 (111.4 euros/MWh), the highest since records exist.

Between electricity, petrol and foods shopping, it is increasingly difficult to save. 30% of people between 55 and 80 do not manage to save a single euro a month.

The study ‘Consumer habits of the Spanish of 2022’ of ‘Rastreator’ evidences that the increase of prices in the bills of the home, especially of the electricity, and the lack of income are the main reasons that hinder the ability to save. This analysis reveals that six out of ten Spaniards fail to save 20 euros a month.

Of those surveyed, 66% believe that their parents had more facilities to save. By age, people between 25 and 34 years old save the most money. 30% of people between 55 and 80 years old do not manage to save anything being the group that has a smaller amount of money. 43% of 18-24 year olds fail to save 100 euros a month.

Written by BayRadio

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