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Eurobarometer Survey Shows Rising Cost of Living Fuels Economic Pessimism Across EU
A growing number of Europeans expect their standard of living to decline over the next five years as rising prices and the cost of living remain the biggest concerns across the European Union, according to the latest Eurobarometer survey released on Tuesday.
The poll, which gathered responses from more than 26,000 people across all EU member states, found that 29% of respondents believe their personal standard of living will worsen during the next five years. Only 18% expect their financial situation to improve, highlighting increasing uncertainty about the economic outlook.
The survey also revealed significant differences between age groups. Economic pessimism was highest among people aged 55 and older, with 34% expecting their living standards to decline. Among younger respondents, only 17% shared the same outlook.
Views also varied considerably across member states. Western European countries generally recorded higher levels of concern than nations in Central and Eastern Europe.
France reported the highest level of pessimism, with 44% of respondents expecting their financial circumstances to deteriorate. Portugal, Germany and Austria also recorded relatively high levels of concern.
By contrast, respondents in several Central and Eastern European countries expressed greater confidence about the future. Only 9% of people surveyed in Poland expected their living standards to worsen, while Hungary recorded the lowest level of economic pessimism in the bloc at 8%.
The survey also pointed to differences in public attitudes toward the European Union.
Across the bloc, half of respondents said they held a positive view of the EU, while 17% expressed a negative opinion. However, support for the union was weaker in countries including France, Austria, Greece and the Czech Republic.
France and Austria also ranked among the least convinced that EU membership has benefited their countries. Only 62% of respondents in both nations believed membership had produced a positive overall outcome. Bulgaria recorded the lowest figure, with 57% expressing that view.
A European Parliament official familiar with the findings said economic uncertainty and persistent inflation may be influencing public perceptions of the EU in some member states, where political parties critical of the bloc have gained support in recent years.
The survey found that inflation, rising prices and the cost of living have become the dominant issues Europeans want the European Parliament to address. Nearly half of respondents, or 47%, identified these as their top priority, an increase of six percentage points from the previous survey.
Economic growth and job creation ranked second among voters’ concerns, followed by defence and security as Europe continues to respond to geopolitical tensions.
Looking back over the past year, 27% of respondents said their quality of life had deteriorated, while 62% reported no significant change. Only 11% believed their living standards had improved.
The findings suggest that although economic conditions differ across the EU, concerns over household finances and inflation remain central issues shaping public opinion and expectations for the years ahead.
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