Savings Barometer

To gain more insight into the state of financial wellbeing in Finland, we collect data annually with our extensive Savings Barometer. The Savings Barometer survey includes various questions on how people use money, as well as people’s attitudes.

The financial situation of households has been significantly affected during the past few years by the COVID-19 crisis, the war in Ukraine and high inflation. This has also been reflected in the results of the Savings Barometer. The COVID-19 crisis motivated people to save money and plan their finances more carefully than before. The war in Ukraine and the subsequent high inflation and rising interest rates, in turn, have reduced people’s opportunities to save money.

The Savings Barometer also shows a positive correlation between saving money and perceived happiness. The people who save money are also happier. While there are probably diverse causal relationships behind this correlation, this observation strengthens our view that managing one’s personal finances is an important aspect of financial and overall wellbeing, and even people’s perceived happiness.

Read more on the results of Savings barometer (in Finnish)