The economic crisis is the main concern of 47% of Peruvians

There economic crisis generated since the time of the pandemic in Peru has not been reduced as expected. Peruvians are worried about the economic crisis in the country, which has been their biggest concern in recent months.

There sonar data conducted a survey of 1,207 people, including men and women between the ages of 18 and 70, who were asked about the three issues that most concern them as Peruvians, and the following result was obtained: 47% are concerned about the economic crisis, 38% increase in crime and 31% lack of employment.

In a scenario where the inflation is higher than 8%, the level of income does not cover all household expenses and there is a lack of employment, Peruvians more easily perceive an economic crisis scenario.

The families that have a greater impact are those with lower economic income and who are also part of socio-economic levels D and E, since a large percentage of their expenditure is focused on the food expenses.

According to the survey, respondents who are in the lowest socio-economic strata (NSE E 58%) mention the economic crisis as one of their main concerns.

The survey also shows that the 66% of respondents say their level of income is not enough to cover their personal needs and those of their families. Only 33% confirm that it reaches them.

The third concern people have is related to the first and is the difficulty of find a job, subject which obtained 31% of choice by the respondents.

Currently, the country is not experiencing an accelerated dynamic of formal job creation, which would make economic income in Peruvian homes.

“You see a sudden slowdown and the outlook is for weaker growth. Of course, this feels in the pocket of families. On the one hand, there is a decline in the generation of formal jobs and purchasing power continues to decline,” said Fernando Gonzáles, economist of the Peruvian Institute of Economy (IPE) in statements to Gestión .

As people’s purchasing power is reduced, they cannot increase their incomes in the face of rising prices that have occurred in various basic products and services in people’s daily routine, such as supplies for basket family base, fuel or payment for transportation service.

The current scenario of Peruvians regarding employment is that 73.9% of the Peruvian labor force is in the informal sector, according to the national household survey (Enaho). This percentage includes families who are self-employed or who work as informal dependents. The non-creation of jobs is easily perceived by people.

Six out of 10 Peruvians (58%) fear losing their job. Compared to 2022, the figure would have increased by 4%, since in November of last year only 54% of people had this concern. This would be due to the low perception of sales that companies have, which translates into a low level of contract, reducing the labor market.

Similarly, compared to the month of November, it is necessary 10% said they had no job, and that figure rose in March this year, when 20% said they had no job.

Socio-economic distances became evident during the social conflicts that erupted in the country. According to Elmer Cuba, partner of Macroconsult, 52% of Peruvians consider that the main reason for the clashes in the country are economic and social differences. Although this difference has always existed, it went unnoticed due to the country’s higher GDP growth, which is not happening today.