Report: Average Slovak has around €5,000 at their disposal

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.

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.

In a regional comparison, Slovakia was among the countries with the lowest level of assets, with people in the Czech Republic having at their disposal net assets worth twice as much (€10,096). The figure for Austria was eight times higher (€41,985). Only people in Ukraine ended up considerably worse, with average net financial assets per person amounting to €1,303. Switzerland was at the other end of the scale, with net financial assets per person standing at €141,000. Next came the United States (€100,000) and Japan (€83,000).

(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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Is the state aware of the Orwellian dimensions of the surveillance of journalists?

Our paranoias have come to life. Surveillance of journalists is unacceptable in a democracy.

Murdered journalist Ján Kuciak was surveiled, too.

Free events for the whole family. Bratislava City Days have started

The history of the April celebrations dates back to the 13th century.

Original charter issued by Andrew III granting municipal privileges to Bratislava.

Bratislava will host the first technology festival

Apart from technology novelties, visitors will find the biggest game zone on the Danube embankment.