AMMAN — As the world economy faces
historically high levels of inflation, the cost of living is soaring, leaving
middle- and
low-income individuals struggling to make ends meet. Advanced
economies are trying to curb inflation through aid and raising interest rates,
but global institutions are expecting a slowdown in the economy and a potential
recession.
اضافة اعلان
In this climate, a recent study by Erm
Business shed light on the impact of the inflation wave on salaries in 13 Arab
countries.
Jordanians struggleThe study conducted by Erm Business
involved 1,170 participants from various classes in 13 Arab countries. The
results revealed that 39 percent of
Jordanians spend their income within the
first week, with 48 percent supporting between three and five individuals.
Meanwhile, citizens of seven Arab
countries, including Lebanon, Iraq, Egypt, Tunisia, Morocco, Algeria, and
Jordan, are struggling with their finances running dry before the end of the
month, with the majority of them running out of money before the end of the
third week.
Rent, water costs top expensesParticipants from Jordan, Kuwait, the
UAE, Saudi Arabia, and Qatar cited rent costs as their biggest expense.
Additionally, the
study revealed that water was the third-highest monthly
expense after food and housing for participants from Jordan, Algeria, Egypt,
Morocco, and Iraq.
The study also asked participants if
their monthly salaries were sufficient, where they spent their money, and
whether they could save. The results revealed that citizens across the region
struggling to make ends meet.
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