Representatives of IPF Digital Latvia, which is a provider of financial services, have told the LETA news agency that according to a survey which the company ran, 25% of people in Latvia have no plans to ensure regular savings.
46% of respondents said that they set aside up to EUR 100 per month to create a safety cushion. 75% play to save regularly by setting aside a certain sum each month – EUR 21-50 for 18%, EUR 51-100 for 17%, EUR 101-200 per month for 15%, and EUR 20 or less for 11% of respondents in the survey.
10% of respondents said that they are willing to set aside EUR 201-500 for monthly savings, while 4% claimed to set aside more than EUR 500. Putting aside monthly earnings above EUR 100 was the option chosen most often by people in Riga (36%), among whom 14% plumped for set-asides of EUR 201-500.
Young people aged 18-29 are most active in planning their monthly savings, with 85% reporting that they do so. In this age group, EUR 51-100 was the most frequently chosen answer (20%), while among 30-39 year olds, 78% are saving up money regularly and thus becoming the second most conscientious age group in the survey, the company notes.
51% of women and 41% of men told pollsters that they choose to save up to EUR 100 per month, while 35% of men and 24% of women save more than that.
Source: BNS
(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)