🧵 High inflation in the euro area is affecting people with low and high incomes differently.
Surveys reveal two areas where these effects are clear:
➡️spending patterns
➡️ability to save and borrow money
https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202207_04~a89ec1a6fe.en.html #EconomicBulletin
1/3