Slight decline

Savings accounts remain by far the most popular form of investment

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30.08.2024 16:18
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Von krone.at

The savings account remains the most popular form of investment in Austria, although it has seen a slight decline. Austrians are most concerned about high inflation - even more so than war and extremism. 

At 58%, the savings account remains the undisputed leader among the preferred forms of investment*. Life and pension insurance policies are used by 42 percent, followed by overnight money and fixed-term deposits with 35 percent.

Investment funds and index funds (ETFs) increased their share by seven percentage points to 29%.

The past few months have been very eventful on the capital markets. After a brilliant start to the year on the stock markets, there was a brief downturn at the beginning of August.

*This is shown by the "Financial Barometer 2024" by J.P. Morgan Asset Management, a survey of 1,000 people in the country. In terms of threat scenarios, the survey revealed the following picture: 40 percent of people in Austria consider inflation to be very threatening, war and geopolitical instability 35 percent of respondents.

This article has been automatically translated,
read the original article here.

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30.08.2024 16:18
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