Greece reports rising household wealth amid falling savings

Greek households are experiencing a divergent economic situation characterized by rising wealth alongside declining savings. An Alpha Bank report indicates that while gross household wealth exceeded €1 trillion in the fourth quarter of 2025, household savings have remained negative at approximately -3% of gross disposable income.

This paradox is driven by rising asset values in real estate and financial investments, which boost overall wealth. However, consumer spending is increasingly being financed through the depletion of pandemic-era savings and increased bank borrowing, suggesting the cost-of-living crisis continues to impact daily finances.

Minister of State Akis Skertsos defended the government's economic data against opposition criticism, noting that gross disposable income rose by 3.2% in the first quarter of 2026 compared to the same period in 2025. Skertsos cited Eurostat and OECD data, stating that real per capita disposable income in Greece has grown by 17.1% since early 2019, outpacing growth rates in both the European Union and the Eurozone.