OF all Balearic households, 65.12 percent in the second quarter of the year, had financial difficulty in seeing their way through to the end of the month.

An Enquiry made by the National Institute of Statistics (INE), declared yesterday that this figure has increased by six decimal points within the space of a year and is slightly above the national average (55.92 percent).

Specifically 21.56 percent of homes on the Islands said they had a great deal of difficulty reaching the end of the month, 14.84 percent professed to difficulty, and 28.72 percent said they were experiencing a “certain amount” of difficulty.

No homes in the Balearics laid claim to managing “very easily”.
Specific amounts of money set aside for savings was claimed by 60.8 percent of homes on the Islands, 2.74 percent less than the second quarter in 2003; while 39.2 percent professed to putting aside “some” money for savings. At a national level, 62.56 percent of homes are not able to set funds aside for savings at all.

The Balearics is the region of Spain with the second highest number of homes who believe that now is not the moment to make important purchases (65.25 percent, 1.16 percent more than a year ago); second only to Galicia (75.26 percent) and seen in comparison to a national average of 53.94 percent.

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