Only every fourth Russian has a sufficient financial cushion
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As shown survey analytical center NAFI, only 26% of Russians have a financial safety net, which in the event of loss of income will be enough to maintain their usual standard of living and pay for all necessary services for three months or more. Including one in ten, it will be enough for six months or longer. The rest either have no savings at all, or they will last for a shorter period. In particular, almost every fifth respondent (19%) will not last a week without borrowed funds.
From the point of view of financial literacy, the optimal amount of cash savings should be equal to three to six average monthly income. As the survey showed, the largest share of those with a sufficient financial cushion was identified among residents of cities with a population of over a million. Working Russians and Russians with higher education also tend to have more savings.
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