Latvia makes OECD top ten for 'financial stress'

Take note – story published 2 years ago

Research by a home loans company suggests that people in Latvia are among the most highly-stressed in the developed world when it comes to their finances.

The research by Compare the Market analysed Organization for Economic Cooperation and Development (OECD) member countries on factors such as average salary, unemployment rate, average house prices, average monthly rent and average monthly cost of living, to draw up a list of the most, and least, financially stressed countries. 

Based on the figures, with an average monthly salary of $ 950 and unemployment rate of 8.1%, citizens of Latvia are under pressure to pay monthly rent ($ 626), house prices ($ 1,604 per square meter) and cost of living ($ 2,413). That places them eighth overall in terms of financial stress.
Lithuania was placed in 11th position and Estonia in 17th.
The most financially stressed of the 35 countries surveyed was named as Costa Rica, and the least stressed was Australia.
You can read the full research and the moethodology used HERE.
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