Survey: third of Czechs only have a minimum financial reserve

Almost a third of Czechs only have a minimum financial reserve, which doesn’t cover even a month of their average living expenses, suggests a new survey presented by Česká spořitelna and the Institute of Sociology on Thursday.

According to the survey, every tenth household in Czechia is currently unable to create any financial reserve and covers current living expenses from previous savings or loans.

Some 57 percent of respondents said that they have trouble making ends meet and 41 percent fear their financial situation will get worse.

The survey, called Financial Health Index, was carried out in December among more than 2,000 respondents.