40 percent do not protect their money from inflation


With regard to the amount of the average investment, there is a decrease of 16% compared to the previous year from an average of around 5,800 euros to 4,900 euros. Every fifth Austrian is not planning any investments in the next twelve months.

While inflation continues to rise in this country, only two out of five Austrians want to protect their money from it. In the 50+ age group in particular, the number of those who want to counteract inflation has fallen further to 31%, while in the 30-49-year-old group it is 44% and in the 14-29 year old 55% protection prioritize their money.

Highest value

“Inflation, which has risen in Austria at 3.7 percent to its highest level in 13 years, not only reduces the purchasing power of saved assets, but also the retirement provision. Due to the zero interest rate policy of the ECB and the rising prices, they lose Austrians billions in the savings book. It is all the more important to deal intensively with the topic of finances and provision. This is a valuable investment in the future, “said Erste boss Gerda Holzinger-Burgstaller on the current situation.

By Editor

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