Friday, 08 October 2021 02:28

0.1% of salvadorans invest their money, 52% save it in banks and 36.7% "under the mattress".

Written by Evelyn Alas

The study conducted by the Fundación Salvadoreña para el Desarrollo Económico y Social (FUSADES), shows that in El Salvador few people keep the habit of saving in cash or through a bank account.

The FUSADES report shows that in the monthly survey consumers were asked about How they prefer to have their savings, for the period january 2016 to may 2021, the average consumer mentioned mostly in banks 52.0%, followed by having it in cash 36.7%, 4.5% responded that they cannot save, 6.6% that they do not know, and 0.1% invested.

However, as of june, which coincides with the passage of the Bitcoin Law, the holding changed; consumers increased their preference for keeping their savings in cash, 50.4%; secondly, in banks 38%; can't save rose to 7.5% (the highest even than during the pandemic); don't know 3.4%.

In addition, the Superintendencia del Sistema Financiero (SSF), is celebrating the World Investor's Week, in which it holds workshops for all people interested in investing their money.

In the workshops they provide tools, advice and tips that will help to invest in the best way to avoid losing their profits.

For the SSF, an intelligent investor recognizes that the market can go up or down, so profits can vary. That is why the Superintendency invites to be informed through its channels, to know well how to invest.