Experts of the SuperJob job search service surveyed Russians to find out what the residents of the country usually save money for. The results of the study showed that most often Russians save on average 17 per cent of their income and most often they do it for a financial safety cushion.
It turned out that 28 per cent of Russians make savings in case of the loss of all sources of income, 19 per cent of respondents make savings for travel, real estate, and the future of their children, 12 per cent save money for repairs, 9 per cent for the creation of passive sources of income and life after retirement, 8 per cent each for education, purchase of expensive things and a car, 7 per cent for medical services, and 6 per cent to start their own business.
In addition, it turned out that men more often than women save money for their children’s future (20 per cent and 17 per cent, respectively), a car (10 per cent and 6 per cent ), as well as starting a new business (8 per cent and 4 per cent). In turn, women are more likely than men to save money for travel (23 per cent versus 15 per cent of men), education (9 per cent and 7 per cent, respectively), and medical services (9 per cent and 6 per cent).