Contrasting payment preferences across countries.
The difference in payment preferences gets even clearer when the countries are placed next to each other in the index.
- Germany and Austria stand out with a high preference for cash compared to the other countries. On the other side of the coin, consumers in Nordic countries seldom use cash and prefer physical payment cards to a much higher extent.
- French consumers currently express the highest preference for biometrics, which is mainly driven by younger generations.
8 out of 10 save money.
Across all countries and generations, consumers consistently are saving money.
- The global average is to allocate 12% of income for savings.
- Australians and the Dutch save the highest share of their income—Germans save the least.
- Men tend to save a slightly higher share of their income than women.
Save in a bank account. Or invest.
The attitude towards utilizing various investments to grow savings or keep money in a bank account is shared across generations. But not across countries.
- More than 4 in 5 either save in a bank account, invest their money—or do both.
- The gender gap is bigger than the generational, with men investing at a higher rate than women in all countries.
- The difference between the share of the population saving money in bank accounts and those investing is highest in the UK, Australia, the Netherlands, and France. (It’s lowest in Sweden and Finland.)
Stocks, bonds – or cryptocurrency.
There are numerous ways to invest for those willing to do so, each with its potential upsides and risks.
- Stocks are the most popular form of investment in every country except Germany, Austria, and Sweden.
- Cryptocurrencies as a form of investment are the most popular in the Netherlands.
Australians and the French are far more likely than others to invest in property.