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

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.


Author: Anna Dorozhkina

Tags: society     

Next Previous

You might also find interesting:

How Russians Spend Money in 2018
The Rate of Poverty in Russia Remains High
Digital Profile - the Platform for Collection of Data of Russian Citizens
MBFW Russia: Beautiful Boys Version 2.0 by Nikolay Legenda
Futurum Moscow - Presentation of Emerging Designers

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian hotels  Ostrovok  Russian tourism  Archeological Finds  online banking  Valery Gergiev  Fukushima  Russian regions  Moscow  Ivan Turgenev  society  Exhibitions in Moscow  Moscow International Marathon   Russain business  Russian fashion  Russian National Character  Russian Bells  Winzavod  Golden Horde  Bastille Day  Alena Akhamdullina  Festivals in Moscow  Karelia   Book Tickets  Volgograd Region  Ufa  terrorism  Slavs  Defence Ministry  Raiffeisenbank  Moscow parks  Russian football  treason law  Gavrila Derzhavin  airline tickets   Russian singers  International space station  economic crisis  Flea Market  Russian business  Russian customs  crisis  St. Petersburg  Superheroes  Russian Cinema  travel to Russia  Russian history  Mercedes-Benz Fashion Week Russia  Russian Museum  Russian tourist destinations 

Travel Blogs
Top Traveling Sites