30 Days
Source:
AL24 News
78.3% of Moroccan households report decline in standard of living, figures reveal
The ongoing research on the socio-economic situation in Morocco reveals a significant deterioration in the overall conditions. According to the findings, 78.3% of families reported a decline in their standard of living over the past year, and more than half of the households expect this decline to continue in the coming year. The data also indicate rising unemployment rates, with over 57% anticipating an increase. Savings have also been impacted, as 38.7% of families have been forced to borrow or deplete their savings, while the percentage of families able to save has fallen to 2.6%. Additionally, the household confidence index has dropped to 60.1 points. There is near-universal agreement that food prices are rising, reflecting a decline in purchasing power and erosion of savings. Meanwhile, trust in economic policies continues to erode, exposing a deep crisis of confidence between citizens and official authorities.
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