Experts told how COVID-19 affected the savings of Russians

A large-scale study was attended by more than 1.2 thousand respondents from different regions of the country.

The restrictions introduced because of the coronavirus pandemic did not affect the personal savings of 42% of Russians. Such conclusions, based on a joint study by The Boston Consulting Group (BCG) and Romir Holding, were made by experts.

The authors of the report analyzed the willingness of consumers to spend money amid a pandemic and economic uncertainty. The study involved about 1.2 thousand respondents across the country. Thus, the state of 42% of the Russian participants in the experiment has not changed, 11% of respondents spoke about the reduction of accumulated assets, another 4% of respondents were able to increase their capital during the pandemic.

At the same time, 43% admitted that they do not have a savings account at all. The authors of the study note that people are tired of quarantine and are ready to return to normal life and the usual level of spending.

“As the restrictions are lifted, more than half of the respondents plan to return to the pre-crisis level of spending in such categories as food, clothing and shoes, as well as cosmetics. The most promising in terms of increasing consumption now are people from 45 to 60 years old. From the point of view of banks, it is most likely that the demand for loans will recover first of all for automobiles, ”RIA Novosti quotes BCG managing director and partner Ivan Kotov as saying.

According to Kotov, the leisure sphere will also come to life, as after a long regime of self-isolation, Russians will want to visit friends, shopping centers, play sports and have fun. Among the new trends, the BCG Managing Director singled out sales growth through online services, which, obviously, will be successful after the pandemic.

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source: rambler