Austrians Tend to Save Less

Businessn.a. ♦ Published: August 7, 2012; 11:59 ♦ (Vindobona)

Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.

Austrians Tend to Save Less / Picture: ©

When one asks Austrians about the sums they plan to save in the next 12 months, the picture painted is pessimistic. While Austrians were still planning to save an amount of € 5,670 annually in 2Q 2011, the amount estimated in the second quarter of this year dropped by almost € 1,000 to € 4,617 which is moreover some € 500 less than in 1Q 2012. These are the findings of the…

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