25% of Europeans do not manage to save anything at the end of the month
Arrive at the end of the month It is a problem for most Europeans, according to a study carried out by the Kruk company in seven European countries, including Spain, Romania, Germany, Poland, Italy, the Czech Republic and the Slovak Republic. Among the main data revealed by the study, it stands out that the 64% of Europeans are in a critical situation economically and 25% can not save anything at the end of the month.
However, 39% of respondents do manage to make ends meet, although unforeseen expenses pose a problem for them. And only 29% have money to save after paying all their basic expenses. On the contrary, only 6% of the Europeans surveyed say they do not have to worry about money.
This study is the third edition of this annual survey that compares the responses of people according to their occupations, divided into: services sector, commerce, construction, transport and logistics, finance, Information Technology (IT), health, education and security forces and emergencies.
The IT and Finance sectors they obtain the maximum values when defining the financial situation of the workers, since 46% define it as good and 42% as very good. On the contrary, in the service sector and in the transport and logistics industry only 30% consider good financial situation. Europeans who are financially most satisfied are in the Spanish IT sector (61%).
How much money do we save? Little, only up to the 3 month salary
Among those who manage to save, in general the accumulated figures are small. A) Yes, 21% only saves the equivalent of one month of work, while half of the respondents have savings equivalent to three monthly salaries or less.
The Germans are only slightly better positioned in this respect: 46% of the Germans surveyed have only up to 3 monthly income as savingss. In particular, it is detected that in Eastern Europe there is often much less money available: 65% of employees in the service sector in the Czech Republic and 64% and 63% of business employees in Romania and Slovenia have savings equivalent to three months of income or less.
The most diligent savers are respondents from the financial sector in Spain and Italy (56 and 52%, respectively) who have savings equivalent to more than three months of income, followed by security and emergency forces and the financial sector in Germany with 51 and 50% respectively.
Forecast, do we achieve our savings objectives?
On average, the 57% of Europeans The respondents consider that an economically secure future is one of their priorities. However, in occupations that provide low income, this concern is less relevant. For example, only 51% of workers in the service sector affirmed that financial security is one of their priorities. People with an occupation dedicated to the construction and logistics industry are followed by 54% in both sectors. Conversely, respondents from the financial, information and health sectors often pay much more attention to financial security with 67, 62 and 60% of people, respectively, who say it is one of their priorities.
If we look at the type of occupation and the current state of the savings, as well as the forecast, the participants in the survey often do not reach their savings objectives. Despite the information and knowledge on these issues and the desire for an adequate standard of living, only 50% of the Europeans surveyed follow a long-term savings plan.
The gap between those who want to take precautions and the respondents who do it is particularly high in the commerce sector: 55% see the importance of being proactive, but only 42% do something to achieve that goal, that is, a difference of 13 percentage points. The people dedicated to the health sector follow them with a difference of 11 percentage points and the service sector with 9 percentage points. By contrast, in the financial sector, 69% claim to follow a plan to secure their financial future while only 67% appoint it as a priority.
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