Savings accounts remain the most popular form of investment in Austria, although they are in slight decline. Austrians are most concerned about high inflation – even more than war and extremism.
With 58 percent, the savings account remains undisputedly at the top of the list of preferred investment forms*. Life and pension insurance are used by 42 percent, followed by day and term deposits at 35 percent.
Mutual funds and index funds (ETFs) increased their share by seven percentage points to 29 percent.
The past few months have been very turbulent on the capital markets. After a brilliant start to the year on the stock markets, there was a brief setback in early August.
*This is evident from the ‘Financial Barometer 2024’ by JP Morgan Asset Management, a survey of 1,000 people in the country. The survey revealed the following picture of the threat scenarios: 40 percent of people in Austria consider inflation to be very threatening, while 35 percent of those surveyed consider war and geopolitical instability.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
