Slovak households are optimistic about future finances in spite of current reality

Around 37 percent of Slovak households assess their current financial situation as worse than it was last year, according to a survey carried out by the GfK agency for MasterCard and published on May 25, the TASR newswire wrote. But more optimistic expectations prevail as 72 percent of the surveyed households think that their financial situation will be the same or better in the near future.

Around 37 percent of Slovak households assess their current financial situation as worse than it was last year, according to a survey carried out by the GfK agency for MasterCard and published on May 25, the TASR newswire wrote. But more optimistic expectations prevail as 72 percent of the surveyed households think that their financial situation will be the same or better in the near future.

Most of the households said that they felt a rise in consumer prices but at the same time do not intend to significantly save on big shopping trips, TASR newswire wrote. According to the survey, 73 percent view their financial situation as the same as it was a year ago.

People between age 18 and 29 with a monthly income of €1,000-€2,000 are the most optimistic. When it comes to gender, men tend to expect a better financial situation than women. Around 69 percent of the households managed to put money into savings and the proportion of those who claim that they will not be able to save in the future is about the same as those who claim they will be able to do so.

Almost 10 percent of households stated that they expect they will not have enough money to live on and will have to dip into their savings or take out a loan. The survey was carried out in March 2010 on a representative sample of bank clients aged 18-69.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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