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Question
Which households in Austria save, to what extent and what are their saving motives?
Main definitions
Saving rate (SR): percentage of a household’s disposable income that is not consumed in a given period
Marginal propensity to consume (MPC): share of additional income which is spent on consumption
Main background facts for Austria
For detailed information on the methodology, please refer to the methodological notes and the results for Austria.
Source: HFCS Austria 2017, OeNB.
We first look at the distribution of the saving rate.
The chart shows the distribution of the saving rates across households. Households are shown according to their savings rate from low to high.
The graph displays that approximately 80% of all households have a saving rate below 20%. Only 5% of all households have a saving rate above 35%.
The mean saving rate and mean saving amount per month of Austrian households are as follows:
All households | Households, who save (69%) | |
---|---|---|
Saving rate | 11.3 | 16.4 |
Amount saved per month (in EUR) | 390 | 560 |
Source: HFCS Austria 2017, OeNB.
The map shows the saving rate of households across Austrian federal states. The corresponding values are as follows:
Federal states | Saving rate |
---|---|
Vorarlberg | 15.5 |
Tyrol | 13.5 |
Salzburg | 14.4 |
Upper Austria | 12.5 |
Carinthia | 14.1 |
Styria | 11.7 |
Burgenland | 10.2 |
Lower Austria | 10.5 |
Vienna | 7.8 |
The saving rates differ strongly between federal states.
Households in the Western part of Austria have higher saving rates than households in the Eastern part of Austria. Households in Vienna have a saving rate of 7.8%, whereas the saving rate in Vorarlberg is almost twice as high.