Each Portuguese family has lost, on average, 944 euros since the beginning of the crisis caused by the covid-19 pandemic, amounting to a total loss of 3.9 billion euros, according to a Deco study released today.
“At the same time that confinement measures were preventing contagion by covid-19, many Portuguese families were in financial crisis. Since the beginning of the pandemic in our country, last March, until mid-May, the loss of income was widespread in 70% of households ”, said in a statement, the Deco – Portuguese Association for Consumer Protection.
According to data provided by the association, considering the universe of Portuguese families, each has already lost, on average, 944 euros, a value that multiplied by the number of households (close to 4.2 million) translates to a loss of 3.9 thousand euros. million euros, almost three times that recorded in mid-March (1.4 billion euros).
At the center of the financial cut is the loss or reduction of professional income, which, between mid-March and May, went from 581 to 1,126 euros.
On the other hand, the financial damages recorded, during the period in question, are also justified with the cancellation of trips, cultural and sporting events, losses in real estate rents and in investments in financial products.
Of the total respondents, 9% found it difficult to pay the home loan, in May, 12% rent, 13% telecommunications, 12% gas, electricity and water and 11% food.
“Savings, as a consequence, are being greatly affected. In one third of the cases, savings have already been used to meet daily expenses and another third of families anticipate the need to do so. Given the adverse circumstances, one in four families was forced to ask for financial assistance ”, reads the document.
As Deco indicated, since the beginning of the crisis, 65% of the Portuguese have remained professionally active and 42% of these continue to receive the same salary, while 23% have seen their income cut.
Already 22% of families face “blacker horizons” with some element that was temporarily out of work, for example, due to the 'lay-off' regime (reduction of working hours or suspension of contracts) or unemployment, which reached 13 % of respondents.
The self-employed were the most affected, with the majority continuing to work, but with lost income.
Over the next 12 months, 26% of respondents expect job loss to be “probable” and 30% to cut wages without a reduction in working hours, while 23% say an increase in workload with the same remuneration is also “likely”.
In addition, 31% of respondents considered the loss or reduction of employment benefits as “probable”, such as meal subsidies or bonuses and 22% “very likely or certain”.
To carry out this study, Deco sent, between May 14th and 15th, an online questionnaire to “a representative sample of the Portuguese population”, aged between 18 and 74 years old.
In total, 1,002 responses were obtained.
Portugal accounts for 1,277 deaths associated with covid-19 in 29,912 confirmed cases of infection, according to the latest daily bulletin from the Directorate-General for Health (DGS) on the pandemic.
Portugal entered on May 3 in a calamity situation due to the pandemic, after three consecutive periods in a state of emergency since March 19.
This new phase of combating covid-19 provides for mandatory confinement for sick people and under active surveillance, the general duty of home collection and the mandatory use of masks or visors in public transport, public attendance services, schools and commercial establishments.
The Government approved new measures that came into force on Monday, including the resumption of visits to nursing home users, the reopening of daycare centers, face-to-face classes for the 11th and 12th year and the reopening of some street shops, cafes, restaurants, museums, monuments and palaces.
The return of the community religious ceremonies is scheduled for May 30 and the opening of the bathing season for June 6.
PE // CSJ
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