Austria: Saving Quota Down

Business › Economy ♦ Published: October 31, 2013; 17:09 ♦ (Vindobona)

At the moment, the savings ratio only comes at 5.2%. An increasing number of Austrians suffer from a declining real income.

Austria: Saving Quota Down / Picture: © Vindobona.org

The current savings ratio only reaches the half of the long-term average.

The underlying reason for the dropping savings quota is not only the low attractiveness of the main savings products, but also the decreasing purchasing power.

According to a survey carried out by the Austrian National Bank (OeNB), more and more Austrians do not have sufficient money to put it…

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Savings, Purchasing Power, OeNB Austrian National Bank, Consumption, Income
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