Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Savings Rate of the Population in Russia has Dropped Significantly
12.11.2018 08:49
The Savings Rate of the Population in Russia has Dropped Significantly
(Source: http://nedviginform.ru/ipoteka/zhilishhnyj-kredit.html)

The savings rate of the population (the ratio of personal savings to income) has dropped significantly below the levels of 2013-2014 in August-September. This is due to the fact that households paid for purchases with loans and savings.

      As the Central Bank notes, in the context of lending expansion the population gradually began to shift from a savings behavior model to an increase in consumption. “At the same time, the dynamics of real disposable incomes of the population continues to hold back the expansion of consumer demand”, as the commentary says. It is noted that in September real wages increased by 7.2 percent in annual terms. At the same time, real disposable income fell by 1.5 percent during this month.

      In general, the growth rate of expenditures on final consumption of households is estimated at 2-2.5 percent in the third quarter of the year.

      Find more about the volumes of consumer loans in Russia.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: society     

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Russian scientists  Red Book  Moscow  Historical Exhibitions  Tatarstan  Moscow nightlife  PASE  St. Petersburg  Sterlitamak  Russian tourism  Alexander Mitta  Russian science  Ilya Lagutenko  Zaitsev  Russian Lakes  Russian business  Red Square  Russian actors  http://ria.ru/culture/20121225/916097637.html#ixzz2GFx2S1GG  Sheremetyevo Airport  Russian law  Active Travel  Russian Railways  Grigory Bobrovsky  Russian Cinema  Russian economy  Fyodor Dostoyevsky  Tsaritsyno  PhotoHub_Manometr  YouTube  Moscow Museum   Exhibitions in Moscow  Strelka  Christmas  Boris Grebenshchikov  Volcanoes of Kamchatka  Dmitry Shishkin  Archeological Finds  Theatre Festivals  Moscow Metro  Russian Literature  Ski resorts  Rurik Dynasty  Junior EuroVision  Mercedes-Benz Fashion Week Russia  space  Sergey Urusevsky  New Year  Russian Internet  Fyodor Konyukhov  


Travel Blogs
Top Traveling Sites