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Home > Economy > 88.9% of Moroccan Families Report No Ability to Save as Living Costs Rise

88.9% of Moroccan Families Report No Ability to Save as Living Costs Rise

Moroccan households are grappling with persistent economic challenges, as revealed in the latest quarterly and annual survey by the High Commission for Planning (HCP).

Sara ZouitenbySara Zouiten
Jan, 16, 2025
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Moroccan woman holding her daughter's hand. Photo credit: The Borgen Project

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Rabat – Moroccan households are grappling with persistent economic challenges, as revealed in the latest quarterly and annual survey by the High Commission for Planning (HCP).

In the fourth quarter of 2024, a mere 11.1% of Moroccan families expressed optimism about their ability to save over the next 12 months, while a staggering 88.9% saw no such possibility. 

This resulted in a continued negative balance of -77.8 points, a slight improvement from -78.1 points in the previous quarter but still alarmingly low.

The vast majority of households (97.5%) reported a rise in food prices over the past year, with the indicator for this perception remaining at a deeply negative -97.2 points, unchanged from the previous quarter. 

Only 1.5% of families anticipate a drop in food prices in 2025, while 83.3% expected continued increases. This negative outlook places the future balance at -81.8 points, showing a slight recovery from -83.5 in the prior quarter but still worse than -77.6 points reported a year ago.  

The ongoing surge in prices for essential commodities has exacerbated the socioeconomic strain on households. Families are struggling to cope with inflation, which has led to widespread dissatisfaction and a growing sense of economic insecurity.  

Read also: Inflation in Morocco to Slow to 0.8%, High Costs Set to Persist

The report also revealed families’ perceptions of broader issues such as human rights, environmental preservation, and public services:  

HCP reported a slight improvement in public perceptions of administrative services, with 55.8% of households stating better administrative services, leading to a rise in the indicator from 36.3 points in 2023 to 38.4 points in 2024.  

Meanwhile, only 47.7% of respondents believed in improvements to environmental protection, down from 32.8 points in 2023 to 28.8 points in 2024.  

Perceptions of human rights conditions showed a marginal decline, with the balance dropping from 19.7 points in 2023 to 16.2 points in 2024.  

In addition, households reported a significant deterioration in education quality, with 57.9% noting a decline. Similarly, 61.2% of families believed healthcare services worsened.

Tags: economyHCPinflationsaving
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