80% of Moroccan families can’t save money: survey

Rabat – Eight out of ten families in Morocco could not save money last year, according to a recent research made by the Higher Delegation of Planning.

The Higher Delegation of Planning noted that, “83.3% of the families involved in the survey said that they don’t have the ability to save money, whereas only 16.3% said that they can.”

According to Assabah newspaper in its February 11th issue, the study that was conducted the last three months of 2013, gives a “negative outlook” on the standard of living in Morocco.

According to the newspaper, the recent polls show a decrease of 4.3% compared to the polls made in the last quarter of 2012.

Unable to handle their expenses, 35.9% of the participant families said that they would borrow money or use up their savings, while 57.8% said that their income does not match their expenses.

Ninety-two percent of the interviewed families claimed the food prices are too high, and 77% expect the food prices to rise even more in the future.

Edited by Zahra El Alami