News Local Coronavirus pandemic affects income of 50 percent of Cyprus households

Coronavirus pandemic affects income of 50 percent of Cyprus households

The coronavirus pandemic has affected the income of 50 percent of households in Cyprus, according to a Bank of Cyprus survey published in Philenews on Monday.

Specifically, 46 percent said their household income remained the same, and 4% actually saw it improved.

At the same time, 26% said it decreased significantly, another 22% saw it decreased somewhat and 2% actually recorded loss of all income.

Another conclusion drawn from the survey is that the least losses were recorded in households with medium to high incomes.

Specifically, 53% of them showed a stable financial situation while most losses were in the category of middle and lower incomes. The percentage of losses in this category is as high as 58%.

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