A quarter of adults in Finland have less than €770 in their accounts — YLE News
In Finland, a quarter of adults had less than €770 in bank accounts, while one in ten had deposits exceeding €60,000. These data are contained in household wealth statistics from Statistics Finland, YLE News reports.
Median deposit amount
The median amount of bank deposits held by adult Finns last year was slightly less than €5,000. This means that half of the adult population had less money in their accounts than this level, while the other half had more.
The average amount of deposits held by men was slightly more than €800 higher than that of women. At the same time, the median figure for women was about €1,300 higher than for men. Veli-Matti Termälehto, a senior researcher at Statistics Finland, explained that this indicates a more uneven distribution of deposits among men: there are more men among the owners of the largest savings.
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Age and investments
The largest amounts in bank accounts were held by older age groups. Half of people aged 85 and over had account balances exceeding €31,460. By contrast, half of Finns aged 18–24 had less than €1,240.
More than one-third of Finland's residents also own investment funds or shares. Over the year, the number of such owners increased by almost 100,000, and over ten years by approximately 680,000. Women are slightly more likely to own investment funds, while men are more likely to hold listed shares.
