Spectator on facebook

Spectator on facebook

Fewer households expect their financial situation to change for the better than don't

Slovaks are a relatively thrifty nation.

Illustrative stock photo(Source: Sme)

As many as 19 percent of Slovak households expect their financial situation to improve this year. As analyst with Poštová Banka Lucia Dovalová reported, the share of households with optimistic expectations has slightly increased from previous months. However, as many as 21 percent of households expect their financial situation will worsen with three thirds expecting that their financial situation will not change this year.

Slovaks are a relatively thrifty nation, a fact supported by the 40 percent of Slovak households that believe they will be able to accumulate savings this year.

“The share of households able to save will remain at this level in the long run,” said Dovalová. “This is positive for our economy because we use savings for the purchase of more expensive goods.”

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

Threats, scandals, and dubious political ties. Who is Marian Kočner?

The businessman with many ties to politicians has been detained by police.

Marian Kočner

Blog: Human Capital in Slovakia: Preparing for the next industrial revolution

A closer cooperation between business and academia is of key importance if Slovakia is to strive in the ongoing industrial revolution.

In centres of excellence, a group of skilled workers is using brand new technologies.

Slovakia is pioneering the taxation of digital platforms

Uber, Airbnb and booking.com are obliged to pay taxes in Slovakia, but they do not do so.

Digital platforms are obliged to pay taxes in Slovakia.

V4 politicians are not even willing to help fellow Europeans

To give equal weight to the concerns that a Slovak or Czech feels about migration with that of an Italian or Greek is like having equal sympathy for a hypochondriac and a cancer patient.

Prime ministers of V4 countries and their Austrian counterpart.