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.



About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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