this 60% of Spaniards have more difficulty making a living than a year ago, despite cutting family expenses in three areas: Energy, finance, food and entertainment, according to the report ‘Spanish households versus inflation in 2022: family spending and savings in the current economic scenario’ by the Home division of Línea Directa Aseguradora.
Navarros (70%), Andalusia (68%) and La Rioja (65%) They are the ones who say they have more difficulty making ends meet than Spain as a whole.
In contrast, residents Castilla y León (51%), Valencian Community (53%), and Basque Country (54%) shows less difficulty compared to the national average.
Therefore, the increase in energy prices had a strong impact on the economy. 2022 family budget.
According to the report, 44% of Spaniards say they perceive an increase of more than 20%. electricity and gas bills 2022
For this reason thei.e. nine out of ten Spaniards They say they have reduced energy consumption at home in the past year.
For 43% of Spaniards found that the way to reduce it was to limit their consumption 35% corresponds to the cheapest time slots.
Energy efficiency
Energy efficiency in homes still A pending mission in Spain.
in ordero 70% of Spaniards are not considering reforming their homes to make them more efficient and being sustainable, reducing expenses due to the economic cost it brings.
Despite everything, 14% of Spaniards have already installed or are considering installing solar panels in their homes, and 21% will do so. but the procedures required for this are holding it back.
In the energy block, The study reveals that moving the car less is also a way to conserve and reduce the carbon footprint of the home.
In this sense, Six out of ten Spaniards use their car less, prefer public transport more 76% positively rate the free train pass, especially the youngest (81%) and 35% of citizens have requested or will soon request it.
In the financial block, About 80% of Spaniards say they have to go into their savings at some point to make a living. and two out of ten people prefer to pay on credit to make it happen.
Same way, only 22% of citizens manage to save every month and a third save less than 100 euros per month.
According to the report, One way to save money at home is to change the company of one of the supplies such as telephone, electricity, bank or insurance and look for cheaper rates.
That’s what half of the Spaniards did. change the company of one of your materials for a matter of price.
a) Yes, citizens tend to change telephone or energy companies more often. bank or insurance.
In this last section, 27% of Spaniards plan to change insurance company during 2023however, half of Spaniards continue to spend on insurance, and 13% plan to increase their spending on more comprehensive policies or products.
this economical situation The current situation has led to tightening of financial conditions affecting the family economy in mortgaged housing loans.
According to the analysis made in this sense; 23% of Spaniards are considering changing their mortgage rates to a flat rate for fear of not being able to pay. and seven out of ten people do not want to change their current mortgage type because of the uncertainty of seeing themselves in a worse situation than the current situation.
In the food and entertainment block, More than 65% of Spaniards say they will cut back on spending these years. Christmas limit to food and giftss.
this intention valid not only for the end of this year, but also for 2023 projections. because eight out of ten Spaniards say they will cut back on their leisure time spending next year, particularly on clothing, food and travel.
In addition to reducing free time, citizens also had to change the composition of the shopping cart. In fact, half of Spaniards say they changed their shopping cart in the last year.
was the way to save replace original brands with white brands (22%)Opt for cheaper items like chicken, pork or frozen fish (13%) or buy less fresh items like beef and fish (10%).