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Portuguese receive less 344€ monthly and 80% excludes holidays in Algarve and Alentejo

Study reveals that Portuguese people receive €344 less per month and 80% excludes the possibility of going on holidays in Algarve and Alentejo

The Portuguese have less money available at the time of the year compared to previous years and 23% say that their monthly income dropped between €500 and €1,000, which translates into an average of less € 344/month compared to 2019, reveals a study by FIXANDO among 11,800 respondents on its platform, between 06 and 26 June.

Those surveyed by the largest national platform for the provision of local services justify this drop in income due to the direct consequences of the pandemic: dismissals (29.1%), Layoff (17.3%), mandatory stoppage of activity (17.6%) and drop in demand in the line of work (17%).

In fact, 80% exclude the possibility of going south on vacation in 2020, in particular Algarve and Costa Vicentina, but the study also indicates that, in July, 51.5% do not consider going to the beach, 64% do not consider going to a shopping center and 66.6% do not intend to set foot in a restaurant.

In view of the current crisis, 24.4% claim to have already reduced spending, even saving money and the order of factors is as follows: 61% stopped going to restaurants, 53% no longer bought clothes/shoes, 48% did not go out at night and 36% stopped going to gyms.

Concerning fears for the future, income loss (45%), uncertainty about the future (45%), contracting COVID-19 (41%), being unemployed (24%), and infecting third parties (23%).

These results are in line with what we have seen in the behavior of the Portuguese on our platform, that is, consumers have resorted more to home support services while unemployed professionals adapt to new business areas, such as delivery services”, reinforces Alice Nunes, Director of Business Development at Fixando.

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