This uncertainty economy led houses book a new place maximum date 1.078 trillion in euros cash and deposit last year, 43,944 million and 4.2% more Despite high inflation in 2021 lose purchasing power As these savings banks them refuse to pay said products. Despite this increase, financial wealth total families (assets minus financial liabilities) slightly reduced -0.04%, per 1.95 trillion- your depreciation Investments due to the bad year recorded in the markets due to the inflationary spiral and the war in Ukraine.
houses so assets purchased financial value 44,981 millionbut they suffered 46,263 million devaluationthe total value of the portfolio has been reduced by 1.282 million Up to 2.72 trillion (-0.04%), according to data released by the Bank of Spain this Wednesday. Among the main items, the value of the portfolio mutual funds Although investment increased by 12,425 million, it was reduced by 32,013 million. In the case of listed sharesright to collect life insurance and retirementAnd pension fundshad both asset devaluations and net sales.
As a result, he dropped home portfolio in mutual funds (7.64%, up to 386,563 million) and insurance and pension funds (14.27%, up to 332,743 million). On the other hand, in addition to cash and deposits, shares in the capital of companies (4.12% to 832,633 million), because revaluation of unlisted shares and other equity interests more than compensated for the depreciation of listed shares. According to the components, cash and deposit weight increase by total household financial assets From 37.9% to 39.6% share of equity shares from 29.3% to 30.5%, share of mutual funds (15.3% to 14.2%) and share of insurance and pension funds (14.2%) 12.2% rose to .
more debt
since last quarter before the pandemic (closing 2019), in households increased by 161.753 million and 17.6% of the balance cash and depositQ. Therefore, the most liquid and conservative savings have been growing practically uninterrupted since then in the context of high uncertainty and successive crises. Families also increased their holdings in corporate equity (113,843 million and 15%) and mutual funds (40,262 million and 11.6%), while decreased in insurance and pension funds (51,153 million and 13.3%).
Parallel to some decline in household financial assets, last year a slight increase in your debt financial 0.25% and 1,980 million euros, up to 766,857 million. This loans contracted numbers fell from 704,211 to 702,788 million, but other accounts pending payment increased from 42,720 to 46,262 million. Household financial debt by GDP 57.8% of the economyassets amounted to 205.4 percent, which means financial wealth your families Equivalent to 147.6%. Companies, on the other hand, reduced their debts by approximately 20,500 million and 2% to approximately 957,600 million last year, reducing their weight in GDP from 81% to 72.2%.