Young Europeans Lead a Revival of Optimism in Region’s Future (Bloomberg.com)

Young Europeans Lead a Revival of Optimism in Region’s Future

https://bloom.bg/2AoHQBS

Young Europeans Lead a Revival of Optimism in Region’s Future

By and

December 4, 2017, 12:00 AM EST

Young Europeans are the most optimistic age group in the region, with a growing number saying they believe they’ll be better off than their parents.

It’s a key finding in the latest Intrum European Consumer Payment Report, in which the Swedish debt collection company surveyed about 24,000 people in 24 countries. Just over half the 18-24 year-olds surveyed said their financial circumstances are improving, up from only 40 percent in 2016, Intrum said.

Optimism is also improving overall, with 29 percent saying their country’s economy is improving, up from 20 percent last year. Some 38 percent said their personal financial situation is getting better, up from 30 percent.

“Optimism among European consumers appears to have improved over the past 12 months, possibly as an effect of the past few years of economic recovery in many European economies,” Intrum said.

The European Union will probably grow more than 2 percent this year and next, according to November forecasts by the EU Commission. 

The survey also found that “the greatest optimism” regarding personal financial prospects was seen in respondents aged 18-24 years. In 2017, 37 percent of respondents said they believe they will be financially better off than their parents, up from 29 percent in 2016 and 31 percent in 2015.

    via Bloomberg.com

    December 3, 2017 at 10:53PM