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

Slovaks are a relatively thrifty nation.

Illustrative stock photoIllustrative 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.”

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