OECD Finds Life Satisfaction Deteriorating in Greece
- Written by E.Tsiliopoulos
Average life satisfaction declined by a fifth in Greece between 2007 and 2012, reflecting the decline in real household disposable income.
A new international survey, by the Organisation for Economic Co-operation and Development (OECD), also shows that the percentage of the population that trusts the government has plummeted from 38% to 13% in the same period.
The report shows that the global economic crisis has had a profound impact on people's well-being, reaching far beyond the loss of jobs and income, and affecting citizens' satisfaction with their lives and their trust in governments.
The report, entitled "How's Life?" finds that subjective well-being deteriorated in countries most affected by the crisis. Between 2007 and 2012, reported average life satisfaction declined by more than 20% in Greece, 12% in Spain, and 10% in Italy.
From 2007 to 2011, the percentage of Greek people declaring being very satisfied with their lives fell from 59% to 34%, the lowest share in the OECD area.