A new report from the Institute for Health and Welfare (THL) shows that approximately one-fifth of Finns cannot afford basic necessities such as food and healthcare, with young adults being the most severely affected.
Close to a million Finns cannot afford basic necessities like food, medication, or doctor visits, reveals a recent study from THL. The survey, which included 28,000 participants, discloses that financial vulnerability is most prevalent among those aged 20 to 39.
About one in every four men in this age group report not always being able to afford these basic needs, and the number is slightly higher among women, with one in three young women stating they struggle to make ends meet.
Among individuals over 75 years old, fewer than one in ten say they cannot afford food, medicines, and doctor visits.
The younger are poorer
Across all age groups, about one in ten reported that they feared running out of food due to lack of money in the past twelve months.
One possible reason, according to THL, is the increasingly unstable job market for young adults. Another cause could be that, on average, young people have smaller financial safety nets than older individuals.
Despite this, 67 percent of Finns report feeling secure in their daily lives.