The survey of almost 13,000 people in 13 countries in Europe gives insights into how we are feel about our savings, whether attitudes to spending and borrowing have changed since the global financial crisis and more.
And the 2014 most “comfortable” is...
The “savings comfort” league ranks countries by the proportion of people who say they are “comfortable” or “very comfortable” with the amount they have saved.
Luxembourg topped the league for 2014, rising two places from third a year earlier.
The fastest risers are France and the Czech Republic, both up three places on last year.
Romania is at the bottom of the league – home to the lowest share of respondents comfortable with the amount they have saved in our 2014 survey.
Spain has had a “recovery” in the share saying the economy has caused their finances to deteriorate in the last three months, compared to the same time last year. Spain still has a large proportion of people saying the economic situation harmed their finances, but that share is down on last year – meaning the situation there appears to have improved greatly in the last year.2
Satisfied with savings
Luxembourg is home to the lowest share who say they do not have any savings at 15%. It also topped the “savings comfort” league for 2014, as it has the highest proportion of people who say they are “comfortable” or “very comfortable” with the amount they have available in savings.3
France is the joint fastest riser with the Czech Republic in the “savings comfort” league for 2014, rising three places. These countries climbed quickest up the league that ranks countries based on the proportion of people who say they are “comfortable” or “very comfortable” with the amount they have available in savings.4
Bottom of the comfort league
Romania is home to the largest share who say they do not have any savings at 48%, unchanged from the same survey a year earlier. It also fell to the bottom of the “savings comfort” league in 2014.5
The majority of the Dutch are resilient to the global financial crisis and do not agree they are more reluctant to spend now. Only 42% in the Netherlands agree they are more reluctant to spend since the crisis, compared with 64% of European consumers and 80% in Spain.
This article is related to the ING International Survey:
January 22, 2014
The third annual ING International Survey on savings throws the spotlight on the state of savings of almost 13,000 people in Europe, how prepared people are for a financial emergency and how they are managing debt.