Additionally, “four out of 10 respondents are unable to save even 5% of their after-tax income,” according to a statement carried by the news outlet. Notice regarding Minuto.
“In contrast, 16% of Portuguese admit to saving between 10% and 20% of their net salary, and 10% save between 20% and 30%, meaning they are able to save more than half of their income. Only 2% of people do.”
Therefore, the conclusion is that “Disposable income after expenses of Portuguese households has declined since 2020, reaching 7.5% in the first quarter of 2023, 6.7 percentage points below the euro area average (14.2%). (pp) is behind.
Why? “Inflation, rising interest rates, and failure to monitor salaries are the main causes of lost purchases, as well as lower savings and investment rates.”
“When able to save, 64% of Portuguese allocate this part of their income to prepare for the unexpected, 36% to save for retirement and 30% to travel. 2 out of 10 respondents’ intentions to save and invest, followed by buying a car (11%), followed by spending on other consumer goods (10%),” the same study concluded.