Stories | April 9, 2014

Who’s responsible for financial decisions? (+ infographic)

The overwhelming majority of more than 12,000 people in a new ING survey say the primary responsibility for financial decisions lies with them – not their bank.

I’m responsible
And these “self-directed” people – which made up 73% of those surveyed – showed characteristics that set them apart. They are more in control of their money and less likely to regularly buy items on impulse. In addition, they are half as likely to argue with family and friends about money.

My bank is…
At the other end of the spectrum are the five percent of respondents who say the primary responsibility for financial decisions lies with their bank. This group is also more likely to be influenced by decisions their family and friends make about money – but also more of them keep a household budget and have followed a course on budgeting.

Picture this
Our infographic based on the ING International Survey on Financial Decision Making 2014 has more detail.


 

eZonomics team
.(JavaScript must be enabled to view this email address)

SavingPersonal financeEurope

This article is related to the ING International Survey:

Financial Decision Making 2014

Financial Decision Making 2014

April 9, 2014

Are financial decisions a priority? Which tools would you use to help you manage money day-to-day? ING surveyed more than 12,403 people in 13 countries in Europe about these questions – and more. The results are...

Have your say

Should banks incentivise you more to boost your savings?