Anderida Financial Group: Only 20% of Russians Keep Money at Home
The share of Russian citizens keeping savings at home has fallen to its lowest level in the last decade.
This is evidenced by the results of a study conducted by the asset management company Anderida Financial Group.
The research data is provided by MIA "Russia Today" .
Why Russians Refuse to Keep Money at Home
A study conducted in September showed that only 20% of Russian citizens keep savings at home. A year earlier, it was 32%.
The share of Russians keeping money at home has dropped to a critically low level over the past ten years, the company stated.
Analysts cite a combination of factors as the reason, including the growth of financial literacy of the population, stabilization of the situation on the financial market, the absence of revocations of licenses of large banks and an increase in interest rates on deposits.
It is noted that the number of Russian citizens who keep their savings both at home and in the bank has increased sharply. A year ago, there were 10% of them, now – 25%.
The number of Russians who keep their money only in banks has also grown. Over the year, their share has increased by 9% and now amounts to 55%.
The share of Russian citizens with one deposit is 45%, with two – 25%, with three – 11%. 15% of Russians have more than four deposits.
