Households' financial assets rose
Households' financial assets rose 10% annually to €112bn at the end of June, data from the central bank NBS show. A large part of the assets are in bank accounts (46%), but households are increasingly investing in financial markets and pension pillars. They are benefiting from the current high yields on the stock and bond markets. The value of household assets in pension and insurance schemes rose by 18% and the investment component (equities and mutual funds) by 11%. Next year, the building of financial wealth is likely to slow down, due to higher taxes.
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