It could be worse; at least she is not from Europe. Across Europe, an estimated 1.2 to 1.3 million people are homeless, a figure that has risen by approximately 43% since 2023 according to the European Federation of National Organisations Working with the Homeless (FEANTSA). This crisis is driven by rising rents, housing shortages, and economic instability, with the situation worsening in most EU member states despite a collective goal to end homelessness by 2030. https://www.dw.com/en/eu-sees-rise-in-homelessness-amid-housing-crisis-report/a-74310521 No Savings: An ING survey found that 30% of Europeans have no savings at all, with 29% in Sweden, Norway, and Denmark having no or very little money saved. Inability to Cover Costs: 47% of Europeans could not pay three months of expenses if they lost their job. Specific Expenses: In Germany, one-third of the population cannot afford unexpected costs for repairs or new items exceeding approximately €1,000. Financial Precarity: A recent study indicates that 29% of Europeans live in a precarious financial situation where an unexpected expense could tip the balance.
Create an account or sign in to comment