69% of Peruvians no longer have enough income to cover their monthly expenses

The current economic and political situation in the country affects everyone in Peru. Recently, a study by Activa Peru indicated that 54% of Peruvians do not have their total income to cover their monthly expenses for food, basic utility bills (electricity, water, telephone), studies, leases, payment of loans, among others.

According to the study, sector D is the most affected by the crisis, since 69% do not have enough money to cover their main expenses. While 59% of women suffer to meet their needs.

Hilario Chong Shing stressed that this result has to be with the rise of products and services, and that there have not yet been changes in basic income.

“In August 2021, only 37% of Peruvians reported this lack of income to pay their expenses,” he told the newspaper Gestión.

A few days ago, a Datum survey also detailed that as of April 54% of Peruvians consider their economic income today to be lower than they had before the pandemic.

Meanwhile, Credicorp Capital and BBVA indicated that due to this crisis, Peruvians would have to take loans to cover their expenses.

The Activa Peru study also states that 34% of Peruvians report that their income is just enough for their monthly expenses and 12% indicate that these are enough to cover all their expenses.

With the approaching Mother's Day campaign, it would also be affected, as sector C and D, 45% and 44% respectively, would spend less or much less than a year ago and will allocate S/179 soles.

Another 21% will allocate an amount similar to that of 2021 and only 16% are willing to spend more.

In March 2022 alone, inflation was 6.8%, the highest rate in more than 20 years.

High inflation is mainly due to political uncertainty, distortions generated by the pandemic and Russia's recent invasion of Ukraine.

POLITICAL DECISIONS

Another survey conducted by Datumen Peru showed that 74% of people agree that the political decisions being made by the Pedro Castillo government have a negative impact on the economy of the country and of Peruvians. 17% think they are positive and 4% say that they do not involve anything.

Regarding the prices of food and basic necessities, 96% indicated that they have continued to rise in the last two months, 2% consider that they have remained the same and only 1% that they have fallen.

In this datum survey, conducted between April 2 and 4 at the national level, he also mentions that 36% have economic difficulties, since their income is not enough to cover their expenses, they have many hard-to-pay debts and will live in debt for a long time.

Another 45% say that with their income they cover only part of their expenses, they have debts that they are effortlessly paying.

Also, when asked, are their economic incomes higher, equal or lower than what they had before the pandemic? 54% answered that they are minors, 33% are equal and 11% are equal.

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