24 Hrs
Source:
التيار الوطني الحر
Lebanese spending before Black Day
Lebanese people are facing a decline in their ability to save due to rising living costs and inflation, which stands at around 17%. Family budgets are significantly affected by increasing electricity, water, and fuel bills, in addition to higher expenses for education, healthcare, and insurance over the past year. The lack of recent data on household budgets makes it difficult to determine the amount of savings possible, but the economic situation and inflation heighten the challenges. Some families rely on remittances from abroad, estimated at $6.5 billion annually, to support their consumption. Ultimately, most households lack the capacity to save and have to utilize any savings they have to face emergencies, as prospects for building a financial future diminish.
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