Two in three Greeks find it difficult to build property from zero to Greece, with the younger ones maintaining a more optimistic attitude according to Focus Bari’s research results with the aim of capturing Greeks’ perceptions of wealth and financial beliefs, In collaboration with Game of Money as part of the Gom Festival 2024.

The results of the research entitled “Economic Psychology of the Greeks: Attitudes and Behaviors” highlight the challenges, expectations and contradictions about happiness and acquisition of wealth and differences between demographic groups.

More specifically:

  • Two in three Greeks find it difficult to build property from zero to Greece, with the younger ones maintaining a more optimistic attitude.
  • The overwhelming majority of Greeks at 79% report that financial difficulties affect their psychology. 41% of respondents report that money is not regarded as a panacea for their happiness, while 35% do not agree or disagree with this view.
  • Although most say that much money is a privilege of the few, young people have a more positive approach.
  • The connection of wealth with immoral practices is reinforced by age, yet the perception of “rich and good man” remains “alive” in Greece. It is rare to make a lot of money in completely honest/legal ways estimates 67% of respondents.

To extensive investigation There is much more evidence of Greeks’ employment, their financial situation, their ability to save and invest, etc. As reported, a new reality is being created for more than half Greeks, as obviously “salary is not enough”. In particular, 55% report that they have other sources of income other than their salary and 45% that they do not. According to the survey, 23% of respondents have an Airbnb rental income or platforms, 13% say they earn interest or deposits, 6% earn profits from dividends, and also 6% are involved in Internet Marketing, taking advantage of digital opportunities for income. Investments in cryptocurrencies and bitcoins occupy 5% of participants. Other sources of income include business participation (5%), intellectual property rights (3%), and a second job (3%). A smaller percentage receives a allowance or pension (2%), while 1% have a hobby or family assistance.

More than one in three Greeks today states that his revenue does not meet his needs, one in just two “he is” riding equal “, and only one in seven indicates proficiency of revenue. The savings “They don’t go away”, as only 15% of the public indicates that the money they have aside is over a year. However, the disposition of the Greeks for savings is positive. Only 9% say they have never saved or intended. Young people are systematically saving, while older ones want, but they are having a hard time.

The majority evaluate its financial education as moderatewith few declaring fully satisfied. At the same time, the pervasive concern about financial security is evident, although men and younger ages are more confident. Regarding the amount of investment funds available to Greeks at this time, according to data, the overwhelming majority, ie 68%, said it has up to € 1,500 for investment. 8% of the participants have amounts between EUR 1,501-3,000, while 6% have € 3,001-5,000. Slightly higher amounts, between 5,001-10,000 euros, has 7% of respondents. The same percentage (6%) invests in the category of 10,001-30,000 euros. Smaller rates say they have significantly higher amounts available, with 3% having capital between 30,001-50,000 euros, while only 1% has between 50,000 to 100,000 euros, or more than 100,000 euros.

As Alexios Vandoros, founder of Game of Money and Gom Festival’s inspirer, points out in his statements, our relationship with money has its roots deep in human psychology and society. “It is a tool but also an object, a symbol of power, security and sometimes the cause of stress. In fact, money is nothing more than a mirror that reflects our beliefs, values ​​and decisions. Trying to understand this relationship, manage and improve it is at the core of the Game of Money Festival. A festival that is not only aimed at professionals in the economic space but to every person who seeks a substantial understanding of how money affects his choices and life. “

As stated in the announcement, through the platform “Learn Money” (https://gameOfmoney.gr/ and the podcast homonym , the aim is to contribute to the overall effort to financial alphabetism.