
European Spending and Saving Habits Shift as Inflation Hits Record Levels
The impact of inflation has created distinct spending and saving patterns across major European economies, with notable variations between countries and demographics.
Saving Patterns Across Europe:
- Spanish consumers emerged as the strongest savers despite record inflation
- Germans maintained stable saving habits
- European women managed to save an additional €17 monthly compared to previous periods
- Italian savings showed a decline despite income growth
Income and Spending Trends:
- Income levels increased consistently across European countries from March onward
- Italy and Germany experienced reduced savings despite income growth
- Grocery spending patterns varied significantly:
- Decreased in France and Spain
- Increased substantially in other European nations
Leisure and Discretionary Spending:
- German consumers increased spending on dining and entertainment
- Italian consumers prioritized beach and vacation-related expenses
- Overall leisure spending showed resilience despite inflationary pressures

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Two women taking financial app selfie

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