They would be the first victims of reduced spending. The same behavioral study on the impact of the pandemic on the Portuguese population, developed in partnership with Amint and Multidados, shows that there are differences to consider depending on age.
Younger people (20 to 39) choose to sacrifice the gym first, then pay TV and online shopping. In contrast, middle age groups prefer to seek cheaper electricity supply, as do banking entities without commissions. Ultimately, they would forgo non-compulsory insurance.
People over 65 have other priorities: electricity and telecommunications, especially mobile operators, are the first cuts to consider – through the negotiation of contracts.
In general, seven in ten Portuguese are pessimistic about the effects of the pandemic on the national economy. “This pessimism is transversal at all ages and in all work situations. As there is no prospect of recovery or normalization in the short term, the Portuguese are already doing the math and deciding where they can cut their spending, ”says UPPartner.
The same study also indicates that 29% of those polled assume that they reduce their spending on cinema, theater or concerts to zero and that 23.5% will not spend a dime on vacation. There are also those who plan to cut between 70% and 90% of restaurant spending (22%) and those who are aiming for a similar fashion cut (23%).
On the flip side, 28% of those surveyed intend to spend more on online shopping and 30% say they will buy more food products – food and drink (30%).