Moroccans Under Financial Pressure: 38.8% Live on Credit and Only 2.6% Save Money
The High Commission for Planning reported that 58.7% of Moroccan households stated that their income covers their expenses, while 38.7% confirmed that they have exhausted their savings or resorted to borrowing. The report clarified that households' outlook on their current financial situation stabilized at a negative 36.1 points, and approximately 43.8% of households experienced a deterioration in their financial situation over the past twelve months, compared to 4.9% who saw it improve. Additionally, a large proportion of households expect their financial situation to remain stable over the coming year.
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