The share of Russians saving money to financially support themselves in 2024 increased to 49% from 42% the previous year. This was reported by RIA Novosti he cited asset management company Anderida Financial Group.
Creating an air cushion is the most popular savings goal. At the same time, one in five respondents said the main purpose of savings is to provide for themselves in retirement. According to analysts, this is due to the fact that Russians do not want to lose their previous standard of living and do not rely on the help of their children. At the same time, in 2023, a quarter of the participants saved due to old age.
18% are saving for a car, mortgage down payment or large home purchase. 9% of respondents save money for their children’s education.
March 19, economist Svetlana Pavelchuk said About the signs that characterize the fact that you do not know how to take care of money. According to him, insufficient systemic knowledge and skills in the financial field creates many difficulties in both daily life and business life.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.