ING: Luxembourg residents seem to be less likely to save than before, according to ING International Survey!

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According to the last study from ING International Survey (115), 31 % of Luxembourg residents surveyed declare that the present economic situation has affected their finances and their savings capacity these last 3 months, against 24% last year. As a comparison, the European average amounts to 36%, against 41 % last year.

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05/03/2015 | Banques, caisses rurales et autres activités financières

Last year, more Luxembourg residents declared to have savings (84%) than this year (79%). This is confirmed by the declining feeling of comfort resulting of the level of savings held, where the Grand-Duchy ranks in the third place against the 1st place for last year. The Netherlands tops now the savings comfort league.

Also, Luxembourg is now in the average of countries where the citizens saw their savings decline in one year while the country knows an economic growth above average.

All the details of this study are available in the document below.