Europeans need to shift from cash hoarding to investing: Chris Bryant

In Europe, a staggering €14 trillion languishes in bank accounts, representing 34% of household financial assets. While Europeans save more than Americans, their reluctance to invest in stocks perpetuates inequality, stunts economic growth, and leaves companies starved of capital. The remedy lies in shifting attitudes, leveraging tax-efficient investment accounts, and adopting policies that nudge citizens toward investing. Overcoming Europe's cash addiction is crucial, and encouraging widespread financial literacy and targeted investments can unlock vast potential for economic prosperity and reduced inequality.

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By Chris Bryant

Drinks without ice, the best way to make tea and  the appropriate amount of vacation are subjects Europeans and Americans can debate. But when it comes to keeping cash in the bank versus investing it in the stock market, there's no doubt who's in the wrong: The savings habits of Europeans increase inequality, keep them poorer than they otherwise would be and starve domestic companies of equity capital.

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