- 16:50Groundbreaking resolution addresses drug-related environmental issues
- 16:30Maritime traffic resumes between Spain and Morocco after weather disruptions
- 16:04Musk Announces Starship’s Mars departure for late 2026
- 16:00Spain faces EU legal action over discriminatory tax for non-residents
- 15:39Cuba faces another widespread power outage
- 15:30South Africa expresses regret over ambassador's expulsion, reaffirms US ties
- 15:09US Considers Travel Restrictions for 43 Countries
- 14:39Dylan Robert, former rising star of cinema, returns to prison after a new conviction
- 14:20Moroccan mosques: a blend of architecture, history, and heritage
Follow us on Facebook
Moroccan households face savings challenges amid economic strain, report finds
A recent study by Morocco’s High Commission for Planning (HCP) reveals that only 11.1% of households are optimistic about their ability to save in the upcoming year. The overwhelming majority, 88.9%, indicate they cannot set aside any money, highlighting the persistent financial difficulties faced by families.
The report paints a picture of widespread economic pessimism. The fourth-quarter 2024 results show a negative balance of -77.8 points, a slight improvement from the previous quarter’s -78.1 points, but still reflective of an ongoing struggle.
The survey also points to significant dissatisfaction among the population, with 97.5% of households expressing discontent over the rising cost of food over the past year. Moreover, 83.3% anticipate further increases in prices, further exacerbating financial pressure.
Experts attribute these hardships to a combination of factors: diminished purchasing power, persistent inflation, high unemployment rates, and the lasting effects of drought. These factors have left households with little room to invest in essential items like property and vehicles.
Comments (0)