Although only 18% of Austrian women
believe that finance is a female theme, one-half of women in
Austria reach their own financial decisions, according to a report
from Erste.
A survey conducted for Erste by market
researchers Integral and released on International Womans Day (8
March) flagged up women as champion savers, compared to
men.
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On average, Austrian women put aside an
average of €253 ($334) per month, only €13 per month less than
men, despite Austrian women having to live on monthly incomes
around 40% less than the male average.
This sum includes
provision for retirement funds, additional private health insurance
and general savings.
Susanne Höllinger head
of private banking at Erste Bank Austria, said:
“This is a good
development. Women are leaving the cliché of the financially
dependent female behind them.
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By GlobalData“The basic elements of
finance in life should include the full package of an own account,
own savings account and own pension provisioning.”
She said that 65% of all
women in Austria have a savings account, followed by a building
society savings account (60%) and by life insurance (46%). Only 16%
of women have riskier investments such as equities, bonds and
funds.
