One third of Russians save money for unforeseen circumstances

More than a third of Russians (34.1%) save for unforeseen circumstances. A quarter save up to help their children in the future (27%) and to pay for their own or their children's education (22%). These data were shared with Izvestia by Sberbank Life Insurance and Sberbank Pension Fund, after conducting a survey of Russian families.

One in five respondents (20.7%) forms savings for the purchase of real estate, one in ten (11.5%) — for old age.

The rest of the respondents save money for a car (7.6%), medical treatment (5.6%), a wedding (4.2%), their own business (2.9%), repairs (2.4%) and vacations (1%).

At the same time, the majority of Russian families save money (62%): one in three (33%) does it as much as possible, one in four (23%) — regularly. 6% of the respondents have separate savings.

Men save a little more often than women — 24% and 23%, respectively. Russians aged 18 to 30 and 41 to 50 are the most active, with 24% each.

In Russian families, the spouse is mainly involved in the issue of savings: he puts off most of it (57.5%) or forms savings entirely himself (13.2%). Wives do this less often (20.7% and 2%, respectively). 5.6% of respondents solve the problem equally with their partners. A small part of the respondents (0.8%) have been saving for several generations.

At the same time, a third (30%) of families spend 10% of their monthly income on savings. And on average, Russians want to save 4.5 million rubles in 10 years.

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"In addition to bank deposits, which are traditionally popular with Russians, the accumulative life insurance (NSF) and long-term savings program (RSP) are of interest. They are used by 3.3 and 3.9% of Russian families, respectively," commented Ruslan Westerovsky, Senior Vice President and Head of the Wealth Management Unit at Sberbank.

On June 19, Candidate of Economic Sciences, financial analyst Mikhail Belyaev expressed the opinion that while loan rates in Russia have not decreased, those who plan to buy an apartment with a mortgage should form a financial cushion.