The household savings rate lay below 6% of gross disposable income in 2017, a figure similar to 2007 just before the real estate bubble burst, and well below the peak reached in 2009 of 13.4%. What factors explain the sharp decline that has occurred in the last few years? CaixaBank Research focuses on this issue.
spanish savings rate
MADRID| The Corner | According to analysts at Afi, “the pattern Spanish people are following to exit the crisis is a recovery based on a private savings drop and a slower pace in debt repayment.”