It’s never a good feeling when you have to spend money you didn’t prepare to, but out of all the member states in the EU, Malta is the best-equipped.
According to Eurostat, only 15.8 per cent of people in Malta would be unable to face unexpected financial expense, a better ranking than the Netherlands (20.7 per cent), Luxembourg (20.4 per cent), and Sweden (19.7 per cent).
Conversely, the proportion was highest in Latvia (59.9 per cent), Croatia (56.2 per cent), and Bulgaria (53.2 per cent).
In the EU, just over one in three people were unable to face unexpected financial expenses (33.9 per cent) in 2017. The figure has decreased in 2017 compared with 2016 (-2.5 percentage points (pp)).
All countries experienced a decrease with the exception of Estonia and Denmark (respectively 4.7pp and 0.6 pp increase).
The largest decreases were registered in Hungary (-19.3pp), followed by Cyprus (-6.5pp), Malta (-5.0pp), and Slovenia (-4.6pp).