A quarter of Finns have less than €770 in the bank, report finds
Last year, the typical Finnish adult had just under 5,000 euros in the bank.
Statistics Finland reports that nearly a quarter of Finnish adults have less than €770 in their bank accounts. Among this group, women tend to have more than men, holding about €1,300 more in deposits on average. However, the median balance of just under €5,000 highlights a significant wealth gap between men and women.
At the higher end of the spectrum, older Finns have more money in their accounts. Half of those aged 85 and above have over €31,460 in their bank accounts, while those in their early 20s, half of whom had less than €1,240. The top 50% of Finns with the largest deposits are predominantly male, according to Veli-Matti Törmälehto, a senior researcher at Statistics Finland.
The report also reveals that more than a third of Finns own funds or shares. This figure increased by nearly 100,000 in the previous year and by around 680,000 over the past decade. While women are slightly more likely than men to own mutual funds, men are more likely to own listed shares.
Written by urgent.news from Yle News Finland's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
