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Consumer Financial Vulnerability Across Europe - Map
Consumer Financial Vulnerability Across Europe - Map
Roll over the Genworth Financial interactive map to review in a given country the findings on the financially vulnerable relative to the financially secure. Scroll down the page to learn more about The Genworth Index of consumer financial vulnerability findings within Europe and the methodology used.
Welcome to The Genworth Index. This third edition of the Index has tracked consumer financial vulnerability across 14 countries in Europe and, for the very first time, it has been extended to include the USA. There has been a small improvement in consumer financial vulnerability since 2008 for the countries in Europe as a whole. However, this masks wide variation for individual countries.
The Genworth Index reveals a promising, if small, fall in levels of consumer financial vulnerability in Europe since 2008 and has also been extended beyond Europe for the first time to include the USA.
Qualitative research to understand the substantial shift towards optimism among British households in 2009.
Our second reading of The Genworth Index reveals how recent economic changes have clearly had a detrimental impact on consumers across 12 European markets.
The Genworth Index is the first ever measure of consumer financial vulnerability across 10 major European markets.
For the first time, the Genworth Index of consumer vulnerability was extended beyond Europe in 2009 to the USA.
The world’s largest economy may be emerging from its worst recession since the 1930s. The economy contracted by 1.0 per cent in the second quarter of the year, a visible improvement from the -6.4 per cent in the first quarter of 2009. The economy may return to growth in the second quarter. However with consumers still handicapped by credit restrictions, a backlog of high debts and high unemployment, the economy may be some way from a sustainable recovery.
The Genworth Index reveals a promising, if small, fall in levels of consumer financial vulnerability in Europe since 2008.
Modest alleviation of financial difficulties among households combined with less negative expectations about their future financial positions explains the improvement in the average Index score.
Ireland and Poland experienced an increase in relative financial vulnerability.
Ireland now leads Europe as the country with the highest levels of financial vulnerability among consumers relative to financial security in 2009.
Poland saw the largest increase in relative financial vulnerability.
Portugal and Norway saw large falls in levels of relative financial vulnerability.
Norway replaces Denmark as the least vulnerable of all the European countries.
More optimistic expectations for the future explain the lower level of relative financial vulnerability in the USA compared with the average for Europe.
Video: Interview with Experts
Experts discuss the UK findings of the 2009 Genworth Index, measuring consumer financial vulnerability.
Video: UK Consumers More Upbeat on Their Financial Future
David Lane, sits down with CNBC to discuss findings of Genworth Index.
