Greek Household Income in Steep Decline Amid Inflation

Greek households are facing a decline in disposable income, according to recent data. In the first quarter of 2026, gross disposable income dropped by 2.5% compared to the previous quarter, while household savings and investments also decreased significantly.

This decline is likely due to inflationary pressures that began in March, causing households to reduce their investments and savings. As a result, they are 'eating into their savings' by increasing consumer spending, which has risen by a greater percentage than both the eurozone and EU averages.

Greece's household savings rate decreased by 3.7 percentage points, while other member-states saw varying changes in their rates. The eurozone as a whole saw no change in its savings rate, but the EU saw an increase of 0.2 percentage points.

Household investment rates also fell in both the eurozone and EU, with Greece experiencing the largest decrease at 0.7 percentage points. Gross fixed capital investments, such as home purchases and renovations, posted a significant drop of 11.8% in Greece compared to the previous quarter.