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Attitudes toward saving

According to Semana magazine in the last years the families spent to save only 5% of their income to 22,6%. Old Mutual, a group of expert companies in the financial service market described that the households that has a man as leader, increase its savings in 272% from 6,6% by 2003 to 24,5% by 2012. Single mother increase their saving from near 0 to 19%.

 

Another fact is that the 37% of the population saves money under their mattress or in a piggy because of the distrust of keep the saving in financial institutions. The 12% of Colombians saves in banks accounts; of that 12%, 38% are people that belong to stratum 5 and 6.

 

 

Bibliography:

Especiales Comerciales. (2015). Ahora los colombianos sí ahorran. Semana.  Recovered on 13 of February of 2016 http://www.semana.com/especiales-comerciales/articulo/ahora-los-colombianos-si-ahorran/420811-3

 

Elpaís.com.co. (2015). De los colombianos que ahorran, el 37% lo hacen debajo del colchón. ElPaís.com.co. Recovered on 13 of February of 2016 http://www.elpais.com.co/elpais/economia/noticias/colombianos-ahorran-37-hacen-debajo-colchon

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