One in four Europeans say their financial position is ‘precarious’

Study by anti-poverty NGO shows more than half feel at financial risk and 80% have already made hard spending choices

One in four Europeans describe their financial position as precarious", more than half see a serious risk it will become so over the coming months, and 80% have already been forced into hard spending choices, according to a survey.

As the cost of living crisis, driven by high energy prices, rampant inflation and Russia's war on Ukraine, tightens its grip, the six-country survey for the French anti-poverty NGO Secours Populaire painted an alarming picture of a continent on the brink".