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Four out of five Russians plan to start saving in 2024

The majority of Russians (81%) are planning to start saving money from their salaries in the coming year, SberLife Insurance and the job search and personnel selection service Rabota.ru found out on the eve of the New Year.
Four out of five Russians plan to start saving in 2024

The main purpose of such savings is to pay for a vacation or travel. This answer option was chosen by 39% of respondents. The desire to make renovation is in the second place (24%). The desire to save money for gifts for family and friends closes the top three (18%).

Every sixth (17%) respondent says they are saving for medical treatment, and every eighth (12%) - for the purchase of real estate. 11% of Russians would like to spend money on hobbies, 9% want to spend on their or their children’s education and purchase of household appliances, 8% plan to buy a car, and 7% wish to buy a gadget. 5% of compatriots save for the purchase of expensive clothes or jewelry, and the same amount (5%) - for moving to a new place. 2% of Russians plan to spend money on opening their own business.

As the survey showed, every seventh resident of Russia (14%) managed to allocate 11–15% of their income to savings in 2023, and 10% - from 21 to 30%. 7% of survey participants allocated more than 30% of their income to savings, and only 5% set aside more than 50% of their income.

Photos are from open sources.

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