The household wealth grows
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One way to measure the health of household savings is through the financial wealth of these, and according to statistics provided by the Bank of SpainThe financial wealth of households grew in the early months of 2011.
The wealth financial measured as the difference between financial assets and Loans, Credits that families have increased by 4.85% over the first quarter of 2010.
Thus, financial wealth of families increased by 39.027 million euros as a result of increased both the cash and the money invested in stocks and the money in deposits increased.
Another aspect that contributed to increased financial wealth Spanish families during the first quarter of 2011 lies in the fact that they reduced the debt, ie debt reduced credit loans and short and long term in an amount close to a billion euros.
