Over the past year, Greece has had the highest percentage (65%) of citizens who “struggle to make ends meet” among the 35 OECD member countries, according to a new survey by the Organization on the well-being index.
Only 30% of citizens trust the government (ranking 6th from the bottom), nearly half spend 40% of their income on housing (ranking 5th from the bottom), and the well-being score is also low (ranking 4th from the bottom).
Some of the well-being criteria are income and wealth, housing, employment and job quality, health, subjective well-being, and safety.
Greece’s performance compared to 2010 was negative across economic capital indicators, with public debt increasing from 94% to 134% of GDP, while gross fixed capital formation, or investments, dropped significantly from $97,000 per capita (in Purchasing Power Parity, PPP terms) to $78,000.
The only economic capital indicator that showed improvement was household debt, which fell to 86% of net income, down from 107% in 2010.
The survey measures 11 components: income and wealth, housing, employment and job quality, health, knowledge and skills, environmental quality, subjective well-being, safety, work-life balance, social connections, and civic engagement.
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