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Financial New Year's resolutions most popular in Luxembourg
Luxembourg

Financial New Year's resolutions most popular in Luxembourg

31.12.2013 From our online archive
While many people resolve to lose weight, quit smoking or kick other bad habits in the New Year, financial resolutions appear to be even more popular – especially in the Grand Duchy.

(MSS) While many people resolve to lose weight, quit smoking or kick other bad habits in the New Year, financial resolutions appear to be even more popular – especially in the Grand Duchy.

For Christmas, one in five Luxembourg residents felt that this was the only time of the year where they're allowed to spend freely regardless of their financial situation, a new survey by ING covering 12 European countries shows.

However, with a new year right around the corner, three quarters of Luxembourg's population also said they want to reduce their debt or save more money in 2014, topping the list of Europeans with 40 percent who will resolve to control their spending.

That being said, just one in ten of Grand Duchy residents intended to spend more on Christmas gifts in 2013, compared with the average of 14 percent in Europe.

Additionally, the survey found the Dutch to be most careful with their money with just five percent having planned to spend more for Christmas this year, whereas Romanians appear to be the most generous spenders with 20 percent of the participants saying they wanted to spend more over the festive season.

Generally, financial New Year's resolutions in Europe appear to be more common than any other kind of resolution, with an average of 79 percent of the 12,000 participants wishing to prioritise financial issues in 2014.

The ING survey was carried out in Luxembourg, the Netherlands, the Czech Republic, Austria, Germany, Belgium, Italy, Poland, Spain, the United Kingdom, France and Romania.

To read the full survey, click here.