Portuguese households hold €89.1 billion in passive savings, hindering economic growth. A Revolut study reveals an annual loss of €220 in purchasing power for every €10,000 saved, as inflation outpaces deposit interest rates.
The study highlights a lack of financial literacy and inertia as key barriers. Over 44% of respondents are unaware of inflation's impact on their income, and six out of ten Portuguese have never switched banks for better rates. Financial fragmentation, with the use of multiple apps, also complicates investment.
If this capital were invested in diversified markets, it could inject €6.3 billion annually into the economy, generating significant potential gains for families.
