🇦🇹 Austria·ECB household survey · 2023
Am I rich in Austria, if you don't count the house?
Type what your household holds in savings and investments. Property and state pension entitlements stay out of it.
My household holds € in savings and investments.
Count bank and savings deposits, mutual funds, bonds, listed shares, voluntary pension plans and whole life insurance, and money owed to you. Leave out the home, other property, vehicles, business equity, and entitlements from state or workplace pension schemes.
Households in Austria you hold more than
50%
Above the middle
Past the €17,000 median. Worth remembering how low that bar sits: half of all holders are below it.
€17,000 is right at the €17,000 median for Austria. Half of the households that hold any financial assets sit below that line, and half above it.
The published ladder
Where savings and investments actually sit in Austria.
Among the 99.8% of households in Austria that hold any financial asset, the median total is €17,000 and the mean is €44,000. The gap between them is the story: a small number of large portfolios pull the average far above the middle. Across the euro area the median is €16,600.
Tenth percentile
€800
A tenth of the households with any financial assets in Austria hold no more than this.
Median
€17K
Half hold less than this. The mean is €44K, which is what a handful of large portfolios does to an average.
Ninetieth percentile
€108K
The top tenth in Austria starts here. The survey publishes nothing above it, so there is no top 1% number.
€17,000 places you above 50% of the households in Austria that hold any financial asset.
Against the euro area as a whole you would be above 50% rather than 50%.
Who owns what
Almost every household in Austria has a bank account. After that it thins out fast.
11.6% of households in Austria hold mutual funds and 6.4% own listed shares directly, against 14.2% and 11.4% across the euro area. Deposits are close to universal everywhere. Everything below them is a minority position, and that is what makes the medians in the next column so much larger than the median for the whole country.
Asset
Households owning
Median among owners
DepositsAT1
99.8%
€15,000Euro area: 99.1% own it
Mutual funds
11.6%
€21,000Euro area: 14.2% own it
Bonds
3.2%
€20,900Euro area: 3.5% own it
Listed shares
6.4%
€16,700Euro area: 11.4% own it
Money owed to the household
5.2%
€1,500Euro area: 6.6% own it
Voluntary pension and life insuranceAT1
6.1%
€12,000Euro area: 27.5% own it
Other financial assets
6.5%
€5,600Euro area: 11.2% own it
Ownership is compared with the euro-area rate on every row. Medians are among the households that own that asset, so a large median tells you nothing about how common the asset is.
- Saving accounts in Austria include building-savings contracts and savings held inside life insurance policies (note AT1), so the deposit share covers more here than it does elsewhere.
Where the money sits
What financial wealth in Austria is actually made of.
69.7% of financial wealth in Austria sits in deposits, against 44.1% across the euro area, and 3.4% sits in voluntary pension plans and life insurance. The mix decides how much of it is invested at all, which over a decade matters more than the total.
Deposits (AT1)69.7% · EA 44.1%
Mutual funds12.3% · EA 13.3%
Bonds4.7% · EA 3.0%
Listed shares6.8% · EA 9.7%
Money owed to the household0.7% · EA 1.8%
Voluntary pension and life insurance (AT1)3.4% · EA 18.3%
Other financial assets2.4% · EA 9.8%
Shares of the total financial assets held by households in Austria. Where the survey published no figure, the item is left out rather than drawn as zero.
The other half
What happens when you put the house back in.
Financial assets are 12.4% of everything households in Austria own. The other 87.6% is real: property above all, plus vehicles, valuables and business equity. Across the euro area the financial share is 20.7%. This is the number behind the question in the title, and for most households it means the majority of their wealth cannot be spent without selling where they live.
Financial
12.4%
Everything on this page, as a share of total household assets in Austria.
Real
87.6%
Property, vehicles, valuables and business equity in Austria, none of which a monthly statement tracks.
Euro area, financial
20.7%
The euro-area financial share is 20.7%, against 12.4% in Austria.
Three numbers and an outlier
What these numbers look like from the outside.
Financial share of total assets
12.4%, the lowest of the 10 countries here
12.4% of what households in Austria own is financial rather than real. It is the cleanest measure of how much of a country's wealth is liquid enough to watch move month by month.
Households with any financial assets
99.8%
Every percentile on this page is measured among these households. The remaining 0.2% in Austria hold nothing at all, and the survey publishes no distribution for them.
Own listed shares directly
6.4%
Against 11.4% across the euro area. Another 11.6% of households in Austria hold mutual funds, which is the other way into the same markets.
Median financial assets
€17,000
Among households in Austria that hold any. The euro-area median is €16,600.
Now put the house back in
Property, vehicles and business equity are the other 87.6% of what households own. See where your whole balance sheet lands.
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The cash half is the half that does not compound
69.7% of financial wealth in Austria sits in deposits, against 44.1% across the euro area. Deposits keep their number and lose purchasing power slowly; funds and shares are where the larger balances on this page come from. Capital at risk.
We've used this for years
Being above the €17,000 median in this data is a lower bar than it sounds. The number that matters now is your own, tracked over time.
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Frequently asked questions
Among the 99.8% of households in Austria that hold any financial asset, the median is €17,000 and the mean is €44,000, 2.6 times higher (ECB HFCS Wave 2023, Table C3). The mean is the wrong number to measure yourself against: a small number of large portfolios lifts it, while the median describes the household in the middle. The euro-area median is €16,600. The Austrian mean is 2.6 times the median, the narrowest gap of the ten euro-area countries covered here.
€107,800 (ECB HFCS Wave 2023, Table C3). That is the ninetieth percentile among households holding any financial asset, and it is the highest threshold the survey publishes: there is no top 5% or top 1% figure in these tables, so any such number quoted for this survey has been extrapolated by someone rather than measured. At the other end, a tenth of holders have €800 or less.
6.4% own listed shares directly and 11.6% hold mutual funds (Table C1), against 11.4% and 14.2% across the euro area. Deposits, by contrast, are held by 99.8% of households. The dividing line in this data is not who saves but who invests, and it falls in very different places from one country to the next.
€50,000 places a household above about 77% of the households in Austria that hold any financial asset. It is 2.9 times the median of €17,000, and still below the top-tenth threshold of €107,800. Both comparisons are worth holding at once: the multiple sounds large because the median is low, not because the amount is high.
69.7% of financial wealth in Austria sits in deposits, 12.3% in mutual funds, 6.8% in listed shares and 3.4% in voluntary pension plans and life insurance (Table D3). The euro-area split is 44.1% deposits and 18.3% pensions. Read the deposit share with the source note attached: saving accounts in Austria include building-savings contracts and savings held inside life insurance policies (note AT1), so the category covers more here than it does elsewhere.
87.6% of everything households in Austria own is a real asset: property above all, plus vehicles, valuables and business equity. Only 12.4% is financial (Table D1), against 20.7% across the euro area. That is the answer to the question this page asks. Take the house out and most balance sheets shrink to a fraction of their headline size, which is why a net-worth figure and a savings figure feel like they describe two different households.
Deposits in current and savings accounts, mutual funds, bonds, listed shares held directly, money owed to the household by people outside it, voluntary pension plans and whole life insurance, and other financial assets such as managed accounts. It excludes the main residence and any other property, vehicles, valuables and business equity, and it excludes entitlements from state and workplace pension schemes, which for a typical employee are worth more than everything on this list combined.
Among the households that hold them, the median mutual-fund holding in Austria is €21,000, the median direct shareholding is €16,700 and the median voluntary pension or life insurance is €12,000 (Table C2). These are medians among owners, not among all households, so a large figure here says nothing about how common the asset is: 11.6% hold funds and 6.4% hold shares.
Three reasons, all visible in the same tables. The distribution is already conditional on holding something, so it excludes the 0.2% of households in Austria with no financial asset at all. 69.7% of what is held sits in deposits rather than in assets that grow. And financial assets are 12.4% of household wealth here, against 20.7% across the euro area. That is the smallest financial share of the ten countries covered here, and 48.2% of Austrian households own their main residence.
Partly because of how the survey classifies things there. Saving accounts in Austria include building-savings contracts and savings held inside life insurance policies (source note AT1), which in most other countries would appear under pensions and life insurance instead. That is visible in the other direction too: only 6.1% of Austrian households report a voluntary pension plan or whole life insurance, the lowest rate of the ten countries here, against 27.5% across the euro area (ECB HFCS Wave 2023, Table C1). The deposit share and the pension share have to be read together, not separately.
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