66% of families in Cyprus experience financial difficulties

About 66% of households in Cyprus stated that they experience difficulties in meeting financial obligations based on their income. Such data is contained in the 2026 consumer behavior study conducted by the Pancyprian Association of Consumers and Quality of Life in collaboration with Cypronetwork.

Only 34% of respondents reported that their families manage expenses without serious problems. At the same time, 26% admitted to experiencing minor difficulties, 25% barely cover expenses, 13% face serious financial problems, and 2% stated a risk to survival.

Almost nine out of ten consumers note rising prices, especially for food, essential goods, and electricity. Due to rising fuel costs, every fourth person has reduced travel, and two-thirds of families reported an increase in electricity, water, and telecommunications bills.

Also, more than 40% of respondents have bank loans, with the majority considering them a serious financial burden. About 30% of those surveyed reported excessive debt levels.

Residents name rising prices (63%), corruption (56%), and energy costs (48%) as the main problems. In addition, many survey participants expressed pessimism about the economy: every third person expects it to worsen.

The study was conducted among 1,000 people between February 16 and March 9, 2026.