Saving Habits by Age in Cyprus
February 10, 2025
Saving behavior varies with age, with younger and older individuals saving less. According to Eurostat data, households in Cyprus have the highest saving rate among those aged 75 and above. For those under 35, the saving rate is only 18.9%. The analysis highlights the connection between age and saving capacity, showing that younger age groups tend to have lower saving rates compared to older groups.