From the perspective of respondents, financial independence means, in particular, life -free life, the ability to take care of themselves without the help of others.
Almost half of the Austrians do not think they are financially independent and more than a third considers their financial situation tense. This stems from a survey conducted by the Austrian bank Bawag on a sample of almost 1,000 respondents. This is reported by APA.
People who have invested in securities such as shares and bonds are considered more independent compared to ordinary savers, but traditional savings products still remain the most popular form of investment. From the perspective of respondents, financial independence means, in particular, life -free life, the ability to take care of themselves without the help of others and enough resources in case of emergency.
Only 17 % of the survey participants were described as completely independent, Bawag Thomas Csipko, a representative of Bawag, said on Thursday. This group includes mainly full -time and pensioners. On the other hand, younger people and women are considered financially dependent, Csipko added.
If there is money for investment, the goal is, according to the results of the study, in particular the maintenance of value and compensation for inflation. The revenues are second for most people. Emphasis on safety is also reflected in the forms of investment. Savings accounts and savings cards are used by 83 % of respondents, online savings accounts 67 % and building savings contract 66 %. These forms of investment clearly prevail over investment funds with a share of 29 %, shares (23 %) and bonds (15 %).
