Sticky

A quarter of Czechs still leave their savings susceptible to the inflation process by securing them in cash. However, they are interested in making new investments, according to the Generali Investments CEE research. Cash savings are a preferred choice for a tenth of participants, especially for those with basic education. 14 percent of the respondents prefer keeping savings in a bank account. “More than a fifth of Czechs have over 100,000 crowns in cash or in a bank account. Their savings are also subject to inflation and lose value in real terms. For example, last year, people who saved their money that way suffered a loss of up to 3.2 percent in value due to inflation and insufficient financial literacyContinue Reading