Austrians Tend to Save More

BusinessEconomy ♦ Published: January 3, 2012; 19:18 ♦ (Vindobona)

According to Generali Austria, Austrians tend to lower expenditures for clothing and vacations. Every third respondent says to have a lower budget than in 2010.

Austrians Tend to Save More / Picture: ©

Austrians became more insecure in 2011. The euro-crisis and the public debt-crisis, as well as negative economic forecasts show their first effects on a household level. According to a survey by Generali Austria, about 30% of the respondents stated to have a lower budget compared to the end of 2010. This is especially the case for persons aged between 50 and 60, where 38% of the…