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Greece Faces Mounting Social Strain as 2.8 Million Residents Risk Poverty

                                        Athens, Greece Greece is once again confronting a troubling social reality: an estimated 2.8 million people—more than a quarter of the country’s population—are now at risk of poverty or social exclusion. Despite signs of economic recovery in recent years, the benefits have not reached everyone, leaving many households struggling to keep up with rising living costs, stagnant wages, and persistent unemployment. The latest figures highlight widening inequality, particularly among young people, single‑parent families, and the long‑term unemployed. Inflation has intensified the pressure, eroding purchasing power and pushing vulnerable groups closer to the edge. Social organizations warn that the situation is becoming unsustainable, with increasing demand for food aid, housing support, and community services. While the government ha...
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Black Friday shoppers pulling back on spending

 

 According to a survey by the National Retail Federation, Black Friday sales in the U.S. dropped by 28% compared to 2019, as shoppers avoided crowded stores and opted for online shopping instead.

Here ate the main reasons cited for this trend:

  • Online shopping surge: Online sales on Black Friday reached a record $9 billion, up 21.6% from last year, according to Adobe Analytics. Cyber Monday is expected to be the biggest online shopping day in U.S. history, with sales projected to reach $10.8 billion.
  • Pandemic impact: The coronavirus pandemic has changed consumer behavior and preferences, as people seek convenience, safety, and value. Many retailers have extended their sales period and offered curbside pickup or free delivery options to attract customers.
  • Holiday season outlook: Despite the lower turnout on Black Friday, the NRF predicts that overall holiday sales will increase by 3.6% to 5.2% over 2019, reaching between $755.3 billion and $766.7 billion. However, the uncertainty around the pandemic and the economy could affect consumer confidence and spending.
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