Saturday 10 March 2012

90% of Portuguese savings is done by 20% of the families


Two quick words on this stat:

1) It shows there is a huge assimetry in the Portuguese population, in terms of earnings;

2) Savings are an engine for growth through bank investment. If a population is not saving enough, and benefiting consumption (especially of foreign products), it is effectively jeopardizing its future.

So, we need to address this, by playing on clear rules and remunerations and giving incentives to savings. We need to find out how.

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