A recent survey conducted in Latvia shows that while 64% of residents report no financial problems in covering their monthly bills, there has been a significant increase in those highlighting difficulties, particularly among younger individuals. The statistics point out that a rising number of residents, from 7% to 13%, now acknowledge challenges in timely bill payment compared to the previous year. This increase raises concerns about the financial strain some households face, especially during winter months when costs tend to escalate.

The data collected sheds light on age demographics, indicating that individuals aged 30 to 39 are better positioned financially, often leading them to report fewer difficulties. This is further emphasized by regional differences, with residents in Vidzeme reporting less trouble in managing day-to-day expenses. The survey results suggest that while many households can cope, a notable share is beginning to feel the pressure, which could influence consumer behavior and economic stability in the region.

Additionally, the report discusses the dynamic changes in housing maintenance costs over the past two years. In 2024, there has been a 7% decrease in these costs, attributed majorly to a significant drop in energy resource prices, including a 13.8% reduction in electricity prices and a 16.1% drop in heat energy costs. These changes provide some relief to households but also underscore the economic complexities that can arise from fluctuating energy prices and the direct impact they have on residents' financial well-being, especially during colder months when utility bills generally increase.