Austria: Savings Decline

BusinessEconomy ♦ Published: November 26, 2012; 13:40 ♦ (Vindobona)

Erste Bank Savings and Credit Outlook: 60% of Austrians say “The European debt crisis doesn't affect my personal finances”.

Austria: Savings Decline / Picture: © Vindobona.org

How much do Austrians actually have left over to sock away in savings? A continually decreasing amount of currently 4,250 euro. That is how much survey respondents state they want to save or invest over the coming 12 months. In the comparable period of last year, this amount was still at 5,720 euro, so this is a decrease of 26%. The credit amount is almost unchanged at 83,100 euro. The…