Nearly 97% of Moroccan households are unable to save, according to the High Commission for Planning (HCP), which found that only 2.8% managed to set aside part of their income in the third quarter of 2026.
In its latest household confidence survey, the HCP said 58.2% of households reported that their income was sufficient to cover expenses, while 39% had used up their savings or resorted to borrowing.
The survey also found that 76.3% of households said their standard of living had deteriorated over the previous 12 months. Another 18.5% reported that it had remained stable, while 5.2% said it had improved.
The balance of opinion on changes in living standards stood at minus 71.1 points, compared with minus 73.1 points in the previous quarter and minus 72.9 points in the same quarter of 2025.
Looking ahead to the next 12 months, 51.7% of households expect their standard of living to deteriorate, 39.6% anticipate no change and 8.7% expect an improvement.
The balance for expected changes in living standards reached minus 43 points, compared with minus 41.7 points in the previous quarter and minus 44.3 points a year earlier.
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Household finances remain under pressure
The balance of opinion on households’ current financial situation stood at minus 36.2 points in the third quarter, virtually unchanged from minus 36.1 points in the previous quarter and minus 36.4 points in the same period last year.
Regarding changes in their financial situation over the previous 12 months, 44.9% of households reported a deterioration, compared with 4.7% who said it had improved. The balance of opinion reached minus 40.2 points, down from minus 38.9 points in the previous quarter but up from minus 46.8 points a year earlier.
For the coming 12 months, 16.5% of households expect their financial situation to improve, 65.1% anticipate stability and 18.4% foresee a deterioration.
The balance for expected changes in household finances stood at minus 1.9 points, compared with 0.1 points in the previous quarter and minus 10 points in the same quarter of 2025.
Outlook for savings deteriorates
Expectations regarding households’ ability to save also worsened. In the third quarter of 2026, only 7.5% of households said they expected to be able to save over the next 12 months, while 92.5% said they would not.
The balance of opinion on future saving capacity fell to minus 85 points, compared with minus 80.9 points in the previous quarter and minus 80.8 points in the same period last year.
