Austrians Reduce Savings

Businessn.a. ♦ Published: January 31, 2012; 15:18 ♦ (Vindobona)

At present, Austrians are planning to save € 5,460 (-4.5%). Around 10% of the population plans to finance their purchases by taking out loans and will borrow an average of € 68,800 (-16%).

Austrians Reduce Savings / Picture: ©

Austrians are optimistic about how well Austria is prepared in the event of another economic crisis. Every second citizen believes that we are well equipped to cope with an economically downturn. Only one-third believes our country is not well prepared.

In 2012, 86% of Austrians plan to save or (re-)invest money. On average, they estimate that they will put aside around € 5,460…