The State of the Middle Class in Cyprus
November 18, 2024
The discussion about the middle class in Cyprus has intensified due to rising inflation, but consumption data indicates that it is not in danger of disappearing. In fact, there is growth in sectors like trade, real estate, and hospitality. However, an increase in the percentage of people close to poverty suggests social imbalance related to recent migration flows. The issue of non-performing loans adds to the picture of households burdened with debt that they are unable to service.