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Financial position of euro area households in 2018

Author

Listed:
  • Ana del Río
  • José Antonio Cuenca

Abstract

Drawing on the accounts for the institutional sectors, this article describes how euro area households’ income, savings, borrowing and financial wealth evolved in 2018. The improvement in the labour market and the more dynamic wage performance continued to boost household income and this, together with the increase in asset (especially housing) values, and against a backdrop of very low interest rates, sustained household expenditure. The saving rate rose slightly in the euro area overall, although with considerable differences between countries. Households’ demand for finance continued to grow at a moderate pace, resulting in a slight dip in their debtto-income ratio.

Suggested Citation

  • Ana del Río & José Antonio Cuenca, 2019. "Financial position of euro area households in 2018," Economic Bulletin, Banco de España, issue SEP.
    • Handle: RePEc:bde:journl:y:2019:i:9:d:aa:n:22
    Note: Analytical Articles
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    More about this item

    Keywords

    households; income; consumption; investment; saving; wealth; debt;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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