A new report by fintech Raisin examines savings behavior for different age groups and gender for German, Spain and the UK; the data found that Germany had the widest gender gap and the oldest group of customers, ages 50 to 70, accounted for the majority of profits; Spain had the youngest group of the 3 countries, ages 30 to 50, take home a bulk of the profits and their gender balance was almost equal; the UK had their biggest group of savers come from the 50 to 70 year old group and the data also showed the fewest savers under 30 and over 70; the data overall shows how varied savings behavior really is and that there is a healthy appetite for products like Raisin across the continent. Source.
