Life Insurance Continues in Demand

Business › n.a. ♦ Published: January 19, 2011; 00:38 ♦ (Vindobona)

While Austrian private investors have less savings, rights to pensions and life insurances rise.

Life Insurance Continues in Demand / Picture: © Vindobona.org

Until September 2010, private households saved 8.8% of their disposable income; in 2009, the savings rate stood at 11.1%. This development is largely the result of growing consumption combined with a slight decline in disposable income.

Wealth accumulation in financial assets of private households…

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