Economy & Politics

More economical but confident households

If the health crisis does not seem to have infected the optimism of the population, Luxembourg residents say they are more economical than before. These lessons emerge from the last survey carried out on a panel of 500 people by TNS Ilres.

If the health crisis does not seem to have infected the optimism of the population, Luxembourg residents say they are more economical than before. These lessons emerge from the last survey carried out on a panel of 500 people by TNS Ilres.

(DH) – While the study by the institute of studies, at the beginning of March, showed that half of the residents said they were worried about them and their families, optimism seems to be back in Luxembourg. According to the latest survey commissioned by ING Luxembourg, three out of four Luxembourgers are convinced that the health crisis will be well managed. In addition, the survey, which involved a panel of 500 people aged 18 and over, indicates that more than half of them are more concerned about their financial situation.

Even if the state has given a boost to low-income households by revising upward, with a year in advance, the amounts of the rental subsidy, the covid-19 crisis clearly impacts the household budget. This is why 61% of residents surveyed answered that they were “more economical” than before the pandemic. In addition, 56% indicated that they were “more concerned than usual” about their financial situation, while 32% had already noticed “negative effects on their personal finances”.

This is how woolen socks come back into fashion. And this, even during periods of confinement. In fact 56% of those questioned said they wanted to pay more attention to their emergency funds. But in this regard, only 17% of those surveyed have already had to start it.

Finally to the question of “to what extent are you confident that Luxembourg will be able to face the covid-19 crisis?” 23% of those questioned replied “very confident” and 52% “somewhat confident”.

In detail, the youngest, the 18-34 age group, are also the most confident: 80%. This figure drops by 8% among 35-54 year olds while from 55 years old, the proportion of optimists increases again with (77%). Overall, 78% of men and 73% of women look to the future with confidence.


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