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Most Russians prefer to save money for future, not ready for big-budget purchases — poll

Two thirds of those polled, or 68%, said they preferred to save for the future and spend as little money as possible

© Stanislav Krasilnikov/TASS

MOSCOW, November 19. /TASS/. Most of Russians (68%) prefer not to spend their savings, keeping them for the future, as follows from the results of a poll conducted by the Russian Public Opinion Research Center and released on Tuesday.

Two thirds of those polled, or 68%, said they preferred to save for the future and spend as little money as possible. About 22% said they thought it right to spend their salaries or allowances as quickly as possible and invest their savings into valuables.

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Confidence in banks have not changed in the recent months. Forty-five percent said they deemed it expedient to deposit their savings with banks, while thirty-one percent said they’d rather retrieve their savings. "Each fifth Russian thinks it possible to borrow money from banks (13%), although the majority (70%) are of an opposite opinion," the pollster said.

The poll was conducted on November 1, 2019 and involved 1,600 respondents. The margin of error was 2.5%

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