Austria
Calculations of the National Bank of Austria revealed that Austrians are not motivated anymore to save a lot of money. The national saving rate has decreased from 12 down to 11.2 percent by the end of 2009. Less money was invested into financial assets, and this is the reason of a “slower wealth building”, explains the spokesman of the National Bank of Austria. Another interesting fact of the financial situation in Austria is the insight that Austrians prefer to make more debts. Debts are decreasing more and more among the Austrian population. Capital transactions broke down to 50 percent. Transactions of savings balances, stocks, shares, investment share certificates and life assurances decreased from 4.1 billion Euro down to 2.3 billion Euro.
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