MOSCOW, November 20. /TASS/. A recent survey has revealed that 34% of Russians have not been saving anything up for a rainy day and 21% of them do not control their budgets, which demonstrates their frivolous spending.

The online-survey was conducted by the Ipsos company at the request of Visa in two stages (in October 2017 and in September 2018) across 15 Russian cities with a population of over one million. In total 2,412 people were interviewed between the ages of 18 and 60. The text of the survey was obtained by TASS.

"A considerable part of the population still spends money quite carelessly - 34% of respondents do not save up anything, while 21% of Russians do not maintain their budget," the poll says.

At the same time, according to the survey, Russians have been raising their levels of financial literacy and wellbeing. The results of the poll show that most of the respondents have basic skills in financial literacy.

The poll also states that Russians using 4-6 financial products are happier about their standard of living. Despite better financial literacy and well-being, few Russians know about investment products and their use, Visa notes.

The survey discovered the proportion of respondents who have savings is 66%, and 63% of them mainly keep their savings in rubles in electronic bank accounts, which provides growth rates of 3 percentage points in comparison with the previous year. The number of Russians who have savings in foreign currency remains low.