The positive performance of the economy and, especially, the labor market, has allowed both companies and individuals in the province of Alicante to significantly increase their savings. This increase, which places the average amount per resident at 21,000 euros, represents a new record in the historical series.

Although inflation influences this record, as regular incomes such as salaries and pensions are higher, the increase in available savings is still good news. This financial cushion can be very beneficial for household finances in the face of rising energy and transport costs.

According to the latest data from the Bank of Spain, at the end of last year, Alicante residents had a total of 43.032 billion euros in banks, which represents an increase of 2.211 billion compared to 2024. This figure translates to 20,732 euros per person, the highest amount ever recorded.

In the distribution of these savings, there is a decrease in money held in time deposits, a product that, after a slight recovery in 2024 due to rising interest rates, is now declining again. At the close of the fiscal year, 5.378 billion remained invested in these instruments, 686 million less than the previous year.

Conversely, the increase in balance is concentrated in demand deposit accounts, which allow money to be withdrawn at any time. These total 37.630 billion euros, with an increase of 2.883 billion. Banking entities are promoting this product to attract new clients, as they consider they already have enough mortgages contracted.

In parallel with the increase in savings, Bank of Spain data also show a rebound in private debt in the province. The outstanding balance of loans with Alicante clients amounts to 32.474 billion euros, 1.440 billion more than the previous year. This increase reflects greater business investment, but also the need for many households to resort to consumer loans to cover their expenses, a phenomenon that experts are beginning to warn about.