Experiencing the economic crisis in the EU : Changes in living standards, deprivation and trust

Results from the European Quality of Life Survey (EQLS) show comparisons over time of different dimensions of people’s quality of life, including their standard of living. A combined review of indicators from the EQLS and those obtained from the Eurobarometer (for 2009 and 2010) highlights the fact that, on the whole, the economic and financial crisis has led to a decline in quality of life. This is more apparent for those living in countries most affected by the crisis. Vulnerable groups such as the unemployed, the elderly and the retired, as well as people suffering financial difficulties, have experienced a considerable drop in their well-being following the crisis.