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Tuesday
11
Aug 2026
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Athens 34°C

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The two faces of the Greek economy: Household wealth rises, but savings fall & borrowing grows

Greek households' gross wealth has surpassed €1 trillion, yet many remain under financial pressure as consumption is increasingly funded by shrinking savings and new loans, according to an Alpha Bank report

ELSTAT: Household disposable income at €39.13 billion in the first quarter, up 3.2%

Final consumption expenditure increased by 4.7% to €40.4 billion - The savings rate stood at -3.3%, compared with -1.8% in the first quarter of 2025

Presumptions of living expenses change after 20 years: Up to 73% reduction – Tax relief for 477,000 households

See examples - The measure mainly concerns the middle class, owners and tenants of primary residences, as well as households with one or more cars

Mitsotakis on the cost of living: “We’re putting more money back in households’ pockets”

"The tax relief measures will take effect from January 1st,” said the Prime Minister in response to a question from Proto Thema – here’s what he said about the cost of living

Households – From 10% to 43% reduction in green tariffs in September

The fall of the wholesale guide for the new charges -The cheapest and most expensive autumn tariffs from PPC and private suppliers

ELSTAT: 26.9% of Greece’s population at risk of poverty – 0.8% increase in 2024

In which areas of the country the highest rates are recorded and in which areas the lowest rates are recorded

exoikonomo2025.gov.gr: The platform for applications is open – What is subsidized

Applications for funding from interested parties will only be submitted online (https://exoikonomo2025.gov.gr)

Electricity Bills: Absorption of Price Increase and Subsidy for Households – €10 per Megawatt-hour Emergency Levy

Providers are expected to absorb part of the short-term price hikes to ease the burden on businesses as well

PM Mitsotakis: Additional support program for businesses, households, farmers in the next 10 days

"My expectations are measured and realistic", he said of the meeting with Erdogan

Almost 4 million Greeks were at risk of poverty last year

The worrying results after 8 years of crisis