Study: One in 20 Czechs suffering serious financial problems

Twenty percent of Czech adults have had to watch their spending in the wake of the coronavirus crisis, while 400,000 people – or around 5 percent of the population – have been left with serious financial problems, suggests a study conducted by the STEM polling agency and consultants KPMG. The regular index of the financial situation of households is now at the same level as it was in 2017, its authors said on Tuesday.

Mojmír Hampl of KPMG said many people had accumulated savings, major redundancies have not yet arrived and there had been no obligation to repay deferred liabilities. He said this was a kind of calm before unfavourable data that will hit at a later date.

Author: Ian Willoughby