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Two out of five Spaniards fear losing their savings due to the economic crisis

According to a survey by the academy, Alfio Bardolla Training Group, two out of five Spaniards fear losing their savings due to the current economic crisis. And it is that according to data published by the OECD, the forecast increase in inflation is 8.1% by the end of this year, almost five points more than estimated and as many more than the data for the previous year.

In this context, the rise in prices will continue to rise and thereby reducing the ability to save. The different crises that affect both cryptocurrencies and the difficulties of traditional investment do not help either.

Thus, according to data from the financial training academy, so far this year it has increased 220% the number of requests for personal training to be able to deal with uncertainty when it comes to personal finances.

Alfio Bardolla, director and founder of the academy explains: «82% of Spaniards bet on real estate investment to safeguard their savings, however many of them do not know how to get started in this type of asset. To do this they seek financial training since in Spain there is not much culture of financial training.

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Doubts about how to calculate profitability, the possibilities of a property, the ability to invest, how much and how to do it are some of the most frequent queries.

And it is that according to data from the international academy, real estate investment is the preferred formula for Spanish savers who see in the brick a refuge value where they can have their money to improve the quality of life. One in five Spaniards consulted by the academy plans to acquire a property as an investment in the next 24 months

Salaries below inflation to save

However, the second fear of the Spanish is how to get save in a time in which salaries cannot rise more than inflation. «According to our data, in Spain the salary rose by 2.36% in the last year, an insufficient figure considering that inflation is above 8%«.

With these data, improving the personal financial situation is a challenge for the Spanish. The expert explains: “Inflation for Spain is different from the personal inflation that people suffer, since in truth the costs that affect people’s daily lives are higher than 8.1%, for example in the last year, food and drinks increased up to 11%, housing has increased by 17.5% and transport by 14.9%. It is natural to ask how you can save in these circumstances.

For this reason, many Spaniards turn to financial education to find alternatives to order your finances and to detect investment alternatives that allow you to obtain income automatically to not only save but increase profits.

In fact, according to data from the survey carried out by the Alfio Bardolla Training Group academy, 15% of Spaniards have already managed to secure automatic tickets and have learned new forms of investment. «It is essential to learn to make investments in the real estate sector or in tradingwhere earnings can be higher than that 8% in which the increase in the current cost of living is found».

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