Almost every second Russian has no savings – Picture of the Day – Kommersant

Almost every second Russian has no savings - Picture of the Day - Kommersant

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47% of respondents do not have any savings, showed interview research service SuperJob. A third of the respondents, having lost all sources of income, would be able to extend their savings for only a short period (from less than one month to two months). Only 5% – more than a year.

The majority of respondents (65%) either do not plan their expenses at all, or plan for a short period of time (less than six months).

At the same time, two-thirds of respondents (68%) keep records of their personal finances to some extent, more often approximately than strictly. More than half (56%) consider their level of financial literacy to be average.

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