Net financial wealth of Spanish households grew by 13.5% in 2014

Spanish households

Although Spanish households’ net financial wealth fell by 0.53% in 4Q2014 compared to the previous quarter, it remained at historic highs: 120 billion euros above the levels prior to the economic crisis, –1Q2007, just before the start of the economic downturn, it was of around 1 billion euros.

In fact, household net debt was of 815.681 billion euros by the end of 2014, 2.9% less than in 2013. Total financial assets of families, excluding debt, reached the 1.986 trillion in 2014, a 6.1% increase over the previous year.

Much of Spanish households’ savings were in cash and deposits (852 billion, 1.4% less than in 2013). As for stock shares and participations they hold a total of 745.1 billion euros, 16% more than the previous year.

 

 

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