Austrians save more money than EU average

Austrians save more than the European average, new figures show.Federal statistics agency Statistik Austria said yesterday (Weds) Austrians put eleven per cent of their incomes into saving accounts last year – while the average European Union (EU) rate was 5.5 per cent. And 8.3 per cent of incomes in the Eurozone – the 16 European countries who have the Euro as their currency – was saved in 2009.Austrians saved 12 per cent of their incomes in 2008.The value of income meanwhile remained relatively stable year on year. Employees earned 1.5 per cent more in 2009 compared to the previous year, while earnings of self-employed business people dropped by 1.7 per cent.