“Free Money” Amount in Russian Families Grew at Record

In July 2020, the volume of “free money” among Russians increased by 13.7 per cent compared to June 2020, the research holding Romir reported. Free money considered the amount of money that can be spent on goods that are not of high need.  

Analysts found out that in the middle of summer 2020, after buying essential goods, paying for housing and communal services, transport and communications, an average family in Russia has a record amount of funds, which is 28,300 rubles. It is noted that compared to July 2019, the volume of “free” money increased by 7.2 per cent.

The experts believe that this has happened due to the active desire of citizens to save funds, the flow of which has previously dropped sharply due to the coronavirus pandemic. Based on the results of the research, the specialists concluded that the current volume of “free money” in Russia has reached its maximum for the middle of summer over the past few years.

Ru-Main, 18.08.2020 

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