Moneyman, an alternative online lending service, surveyed over 3,000 Russian adults and found that macroeconomic events and forex market turbulence had no effect on the financial behavior of the Russian population.
The study cited by RIA Novosti shows that:
- They have not changed their financial behavior in any way, they continue to spend and manage finances in the same way: 28%,
- 5% of Russians have bought currencies at least once since the beginning of 2022 (that is, only every twenty),
- Only 4% of respondents sold foreign currency,
- Withdrawal of funds from accounts due to unplanned expenses 6%,
- Early amortization of debts with banks 7%,
- Opening of new deposits 8%,
- 13% began to keep a systematic record of their expenses and income.
At the same time, the trend towards savings and the search for additional income became quite evident.
So, 12% of the respondents were looking for a part-time job and successfully found it, but 7% did not find suitable options for them.
More than half of Russians (53%) have decided to cut vacation costs. Another 44% postponed expensive purchases (furniture, appliances, cars, etc.).
Given the circumstances, they even save on everyday expenses (38%).
“This is due to a decline in income levels and rising prices, but partly also due to a wait-and-see attitude: citizens have funds for the future, taking into account the economic situation,” Sergey Vesovshchuk commented. CEO of Moneyman.
Author:
Ekaterina Alipova
Source: RB
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