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:

Purple Looks by Bella Potemkina
Electric Mix of Rogov's Winter
Natalya Vodyanova Danced "Kalinka-Malinka" before the Final Game of the 2018 World Cup in Russia
MBFW Russia: Beautiful Boys Version 2.0 by Nikolay Legenda
What Worries Russians in 2018

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian Avant-Garde  Danny DeVito  Russian sportsment  Russian musicians  skating in Moscow  Russian business  Life Saving  Stavropol Territory  Neural Network  Russian history  Sochi hotels  Mercedes-Benz Fashion Week Russia  Moscow free tours  Russian regions  Festivals in Moscow  St. Petersburg  Prison  Stanislavsky Electrotheatre  Paleontology  Large Hadron Collider  medicine  Bolshoi Theatre  Bolotnaya Square  Tatarstan  Russian politicians  Altai Territory  Volgograd Region  Visa   Yolki   Moscow Theatres  Yevgeny Urlashov  Patriotic War of 1812  technology  Ships  Contemporary Arts  Alexander Alexandrov  Project Financing Bank  Russian tourism  Russian politics  Russian customs  Exhibitions in Moscow  Russian Cinema  Brass Band Festival  Domodedovo  Russian Railroad  Pechory  Runet  Street Art  Moscow  Pobeda 

Travel Blogs
Top Traveling Sites