More than 60% of the population of Lanzarote has difficulty making it to the end of the month, according to the Consumer Confidence Indicators report prepared by the Canary Islands Institute of Statistics. Specifically, 27.3% do so "with difficulty" or "with great difficulty" and 33.5% with "some difficulty".
Compared to these figures, only 14.3% of Lanzarote residents have income to finish the month "easily" or "very easily", while 22.6% do so "with some ease".
The survey also reflects an increase in the most vulnerable people. In the second quarter of 2019, only 16.9% acknowledged serious difficulties in meeting their monthly expenses, while in the past quarter that figure increased by more than ten points.
However, in the last year the other extreme has also increased, from 9.6% to 14.3% the number of people who finish the month "very easily"; while the number of families that were in intermediate points has decreased, especially that of people who already had "certain difficulties".
Regarding the assessment that Lanzarote residents make of their economic circumstances, the same study collected by the Cabildo Data Center reflects that 39.1% consider that they are "worse" than six months ago", while 51.3% believe they are "the same" and 9.6% "better".
Regarding expectations for the coming months, more than half believe that their situation will worsen (50.5%), while 32% believe it will remain the same and 17.6% are confident of improvement.
The increase in pessimism towards the immediate future coincides with the Covid-19 crisis. In fact, a year ago only 13.1% thought their economic situation would worsen and in the second quarter of 2019 25% believed it, compared to the current 50.5%.
