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Only one in 10 Russians is able to provide paid education to their children

Almost 22% of Russians would like to give their children a paid education, but only one in 10 of those is financially able to do so. This conclusion was published in the poll by TASS.
Only one in 10 Russians is able to provide paid education to their children

For 85% of Russian citizens, higher education remains the “gold standard”. However, 9% say it is important but not available to their children for financial reasons.

The poll found that 68% respondents take their children to paid extracurricular activities. More than half of respondents also turn to tutors to improve the level of knowledge of their children, and tutor services are also paid. 31% hire tutors in several subjects. Only 7% of respondents believe that the knowledge acquired at school is enough.

If one has to pay for higher education, only 9% of respondents will give up this opportunity. 40% will pay for education from savings, 17% will take a loan, 6% rely on maternity capital, and 30% will be able to allocate part of the current salary to pay for education, according to the survey results.

Over 54% of Russians are not going to save money for their children’s education at all, and 80% of them (39% of all respondents) are unable to save due to lack of money. However, every fourth person plans to start forming savings “in the nearest future”.

Bank deposit is still the most popular tool for managing savings, it is used by 37% of citizens. Individual pensions in favor of a child and endowment life insurance, however, are not yet very popular. Only 6% of respondents are aware about them.

Source: https://tass.ru/ekonomika/13046149

Photos are from open sources.

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