Who's Feeling the Cost-of-Living Crunch?

Respondents from Anglophone countries in the Statista Consumer Insights survey were among the most likely to say that their cost of living had increased notably and that they had to dip into their savings to cover their expenses. Almost 60 percent said they could distinctly feel inflation creeping up in Canada, Australia and South Africa, while this number was 54 percent in the United Kingdom and just under 50 percent in the United States - about the same level as other European countries.

A high 29 percent in Australia said they had to dip into savings. The same was true for around a quarter of respondents in Canada, South Africa, the U.S. and many - but not all - European countries. Some Europeans, according to the survey, are better at budgeting and just 18 percent in Germany and Switzerland as well as 19 percent in Austria and Italy said they had used savings.

Outside of the above-mentioned countries and regions, inflation pressure was mostly lower, with 35 percent of Mexicans and 42 percent of Brazilians saying cost of living was significantly up and 36 percent of South Koreans, 24 percent of Chinese and 22 percent of Japanese agreeing. Only 8 percent of Chinese, 11 percent of South Koreans and 12 percent of Japanese said they had to use their savings. In India, these numbers stood at 39 percent and 22 percent, respectively.