ING News

Luxembourg, 02-02-2018

€556 in income from the sharing economy in Luxembourg

That the sharing economy is good for the environment seems to be the consensus amongst Luxembourg residents according to the latest ING survey, with 69% of respondents agreeing with the statement. About 2 in 3 Luxembourg residents believe participating in the sharing economy would help them save money but the same amount of respondents to the survey do not like that others use their property, which constitutes a clear entry barrier. Nevertheless, 22% of respondents believe that their participation in the sharing economy will increase in the future, up from 20% of respondents in 2015.

The readiness of Luxembourg residents to share or borrow goods differs greatly in some cases, as can be seen in the infographic. While more than half of respondents are ready to borrow a car or clothes, barely 1 in 10 is ready to share those items.

Maybe one of the reasons why the sharing economy has not yet taken off in Luxembourg the way it has in other European countries is the potential income that can be derived. The European average of income from the sharing economy in 2016 lies at €1,595, with Italy leading the charge at more than €3,000 while Luxembourg lags behind with only €556.

Since 2015 the number of respondents declaring they know what the sharing economy is has gone up to 30% from 24%. As initiatives develop in Luxembourg, this figure will too.

ING Communication

How can we help?

My ING - Your online banking solution

Log in and do your transactions when and where you want.

  • My ING, the online banking solution for individuals
  • My ING Pro, the online banking solution for business

 

My Team - Your Contact Center

For support on online banking, information on our products and our services or any other question, your Contact Center is available from Monday to Friday, 08.00 am to 06.00 pm.

Contact for the press

My Experts - Your network of branches

A network of 16 branches at your disposal.

We use cookies to enhance your experience. Basic cookies are essential for the proper working of this website. For example, they save your language preferences. They also help us gather anonymous information about the use of our site. More information in our Cookie Policy

I don't agree I agree