The improvement of some macroeconomic indicators in the Canary Islands, such as the reduction of unemployment or GDP growth, contrasts with the financial situation of households with lower economic capacity. About 24,000 families in the archipelago spend more than 40% of their annual income – more than four out of ten euros – on loans and other forms of financing, a burden that places them in a scenario of high financial pressure.
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The improvement of some macroeconomic indicators in the Canary Islands, such as the reduction of unemployment or GDP growth, contrasts with the financial situation of households with lower economic capacity. About 24,000 families in the archipelago spend more than 40% of their annual income – more than four out of ten euros – on loans and other forms of financing, a burden that places them in a scenario of high financial pressure.