Wednesday, November 02, 2005
The lows (and highs) of Canary living
If anyone was in any doubt about the deficit between the high cost of Canary living and the low level of Canary pay, they should cast their eyes over the latest statistics released by Spain’s National Institute of Statistics (INE) which confirms the existence of that gap – and its widening nature.
According to that august body over 71% of households in the islands admit to experiencing a decided pinch as far as getting to the end of the month and only 14% of all families manage to save anything from their collective income on a regular basis.
Nationwide 55% of households said they had problems arriving at the end of the month in the black. Canary Islanders headed this worst-off list, followed by Balearic Islanders (67%) and Andalusians (64%).
The lows (and highs) of Canary living
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