Spain | Who saves? Heterogeneity in household savings

This study analyzes the saving capacity of Spanish households in 2024. Income is the determining factor. Additionally, household size and housing tenure are key variables that significantly influence family savings.

Key points

• Key points:
• Substantial heterogeneity is observed in households’ capacity to save.
• Household size is negatively associated with saving capacity. An additional household member is associated with a 9.75 percentage point lower saving rate.
• Compared to owners without a mortgage, households renting their home at market price have a saving rate that is 23.43 percentage points higher.
• For the 10th percentile of income, a €10,000 increase is associated with a rise in the saving rate of 125.8 percentage points in the lowest quantile (τ = 0.10) and 39.0 at the median.

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