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Prosperity to Rise, But Savings Propensity on a Decline

Published: May 6, 2011; 15:55 · (Vindobona)

Monetary wealth of Austrians expected to rise 14.4% or from € 7,900 to 62,800 by 2015; savings ratio to decrease from 9.1% to 8.1%. In 2010, Austrians saved € 1,819 on average.

Prosperity to Rise, But Savings Propensity on a Decline / Picture: © Vindobona.org

Prosperity in Austria will continue to rise in the coming five years despite the economic crisis. This is the general positive conclusion drawn from the findings of the latest monetary wealth study conducted by Macro-Consult on behalf of Erste Bank. The average monetary assets per Austrian are estimated to rise from currently € 54,900 to € 62,800. This is a gain…

This article includes a total of 726 words.

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