Slovaks and Poles are the best at saving money in central and eastern Europe, depositing 15 and 12 percent of their monthly incomes, respectively, in 2012, according to a survey carried out for Slovenská Sporiteľňa bank that was released on Monday, November 5.
"People feel a natural need to save money, which at times of uncertainty gains even greater importance. We heard about the financial crisis first, then about the economic crisis, and finally about the debt crisis over the past few years.... This affects people’s behaviour, who in these times of uncertainty are setting aside even greater amounts of their earnings," said Slovenská Sporiteľňa analyst Mária Valachyová as quoted by the TASR newswire. The analyst further revealed that while in 2008 Slovaks only deposited 4 percent of their incomes, this grew to as much as 9.5 percent in 2012 – without the savings in the pension saving pillars. Slovaks set aside an average of €88 a month in 2012, which represented a 1-euro drop year-on-year.
Furthermore, the survey revealed that some 67 percent of Slovaks think it important and responsible to embrace saving. The poll also showed that Slovak women (74 percent) considered saving more important than men (60 percent). Meanwhile, saving accounts were the most popular choice for depositing money, with 52 percent of the poll's participants claiming to have used these types of bank accounts. The survey showed that Slovaks and Poles were followed by Austrians, Germans and Czechs - who were shown to deposit 9 percent of their incomes. British people set aside only 7 percent of their incomes.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
6. Nov 2012 at 14:00