Moreover, 63 percent of the respondent said they do not think Europe’s socio-economic prospects would improve in the next five years, 34 percent said they believe a rosy future is ahead and three percent has no idea.
The European sovereign debt crisis has made it difficult or impossible for countries in the euro zone to re-finance their government debt.
Analysts have expressed serious concerns that the ongoing debt crisis in Europe and its impact on countries in the European Union could spark a "social explosion" across the continent.
A recent survey shows that an overwhelming majority of Europe’s population has grave concerns about the continent's socio-economic prospects.
According to a phone survey conducted between July 14 and 21 by the Paris-based Ipsos research company, with a sampling of 7,245 people from Britain, France, Germany, Greece, Italy, Poland and Spain, 77 percent of respondents said they bear a higher financial burden than five years ago.
Seventeen percent of those surveyed said they are feeling less financial pressures, and only two percent said fiscal pains remain at the same level as they used to be in 2007.
Meanwhile, 56% of the respondents said unemployment is at stubbornly high levels than five years ago, 20% said it is at a lower level and 24 percent said the rate of unemployment stands at the same level as it was five years ago.
Thirty-seven percent of those surveyed said family relationship problems now take a larger toll on European families than five years ago. Twenty-six percent said they are at a lower rate and 34 percent said family relationship problems stay the same as five years ago.