Austrian Households with Second Lowest Debt Ratio in Western Europe

Business › Economy ♦ Published: September 14, 2011; 23:39 ♦ (Vindobona)

A lower ratio was only recorded for Belgium. In the year 2010, Austrians’ gross financial assets averaged € 59,346.

Austrian Households with Second Lowest Debt Ratio in Western Europe / Picture: © Vindobona.org

Allianz today presented the second edition of its “Global Wealth Report”, analyzing wealth and debt dynamics of private households in 50 countries. It shows that last year’s marked global upswing paid dividends for savers. Gross global financial assets climbed in 2010 by 6.2%. For the first time, the previous record from end-2007 is surpassed.

With regard to private debt, a…

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