125,000 Kuwaitis Living In Financial Distress

Around 125,000 Kuwaitis are living in financial distress due to reduced subsidies and the increased cost of living, according to a recent study by economist Mohammad Ramadan based on statistics from the Public Authority for Civil Aviation.

Most of the cases comprise married men with limited academic qualifications, widowed men with children, men married to nonworking women and divorced men who remarried, have children from different marriages and have to pay alimony, according to the study.

Individuals also include widowed and divorced women with children and citizens who are repaying loans taken for consumer expenses or investment.

 

SOURCE : ARABIANBUSINESS

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