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Report: Average Slovak has around €5,000 at their disposal
26 Sep 2013 Flash News
Slovakia placed 36th in terms of average assets minus debts in private households among more than 50 countries surveyed by the latest Allianz Global Wealth Report. According to the document, the average gross financial assets of ordinary Slovaks equalled €9,182 as of the end of 2012. This shrinks to €5,010 when private debts, including consumer loans and mortgages, are deducted.
On a yearly basis, the gross assets of Slovak private households increased by 8.1 percent, the TASR newswire quoted the report. At the same time, debts went up by 13.2 percent year-on-year. Net savings swelled by only 4.3 percent compared to the end of 2011, which was the lowest figure recorded in the area covering Central and Eastern Europe. When compared with the pre-crisis figures, net financial assets of Slovak households rose 37 percent, which was conversely the highest figure posted. Moreover, the volume of net financial assets has more than doubled since the year 2000.
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