cash and deposits spanish households

spanish households

Why Are Spaniards’ Savings Rates At Decade-Low Levels?

The savings rate for Spanish households is currently 7.7% of their gross disposable income, the lowest level for a decade. The fact is that the current low interest rate scenario doesn’t encourage saving, but boosts households’ tendency for spending.

Spanish Households’ Main Financial Assets Shift Between Cash And Deposits

J.L.M. Campuzano (Spanish Banking Association) | The Bank of Spain has published the financial accounts for households and companies in the second quarter. The cash and deposits component was the highest, standing at 44% of total financial assets, representing a 1.3 percentage points rise in the period. This says a lot about their huge lack of confidence in the future.