2023 Luxembourg Elections
The general and municipal elections in the country of Luxembourg are being conducted today. It is expected that there will be a change in the top team handling the country. In the past decade or so, the people of Luxembourg have expressed unhappiness about how the current political system of the country has run the country. Although the multitude of international changes has affected the cost of living in the country, domestic factors do account for the current challenges. Some of the major challenges in Luxembourg are:
- Housing crisis
- Cost of living
- Environmental changes
Through recent years, new political parties, and new-age thinking politicians have been offering new perspectives to problem-solving methodologies.
The cost of buying homes in Luxembourg has increased multiple times. The younger generations are finding it difficult to afford new homes. A big chunk of their monies goes into paying instalments for Home loans. The cost of running the country is also high, which adds to the burden on the working age group people. People are left insecure owing to such crises.
Cost of Living
According to the popular Number website, the cost of living is also on the higher side.
A family of four will need around 3,265.5&euro without rent per month.
The same cost for a single person is 942.8&euro per month.
The necessities like Electricity, Heating, Cooling, Water and Garbage costs per month are around 229.57&euro per month.
Home rents are also on the higher side. A 1 bedroom apartment in the city centre would cost around 1529.81&euro per month and 1299.44&euro per month outside of the city centre. A 3 bedroom apartment in the city centre would cost around 2594.67&euro per month and 2135.91&euro per month outside of the city centre.
Apart from these, the market and essential goods costs have also been increasing a lot. Household budgets cannot be matched owing to these increasing costs.
All the luxuries that citizens of Luxembourg get to experience come at a cost. The country has been letting out a lot of greenhouse gases, air and water pollution. This is affecting the neighbouring countries as well.  People seek to bring a change in these policies affecting the people a lot.