24% of Russians have passive income and its size is about 20% of the main one. The most popular ways to earn extra money are bank deposits and savings accounts. SberLife Insurance analysts came to this conclusion based on the results of a survey conducted on the job search and personnel selection platform Rabota.ru, RBC writes.
16% of respondents have a bank deposit or savings account, 4% invest in securities, 3% rent real estate, equipment or a car, and another 1% of Russians have transferred their money to the management of trusts.
More than 40% of citizens use passive income to create a financial safety net, another 36% reinvest funds to grow their portfolio, 23% save for major purchases, and another 17% save for a vacation or to purchase real estate.
In the Russian Federation, more than a third of the minimum wage is needed to pay for a basic set of food products. With an official minimum wage in the Russian Federation of 16,741 rubles, the share of the conditional food basket is 39%. In January 2023, this share was 45.9%.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
