Romir: Russians’ Free Money Index grew by 6%

The “free money index” in Russia in May increased by 6% compared to April 2021, according to a study by the Romir holding. Last month, Russians’ free money grew by 14%. Compared to May 2020, in May 2021, the index decreased by 9%.

The “free money index” in the Romir study is calculated as the difference between household income and the cost of necessary goods and services (food, consumer goods, housing and communal services, transport and other services). January 2019 is taken as the starting point for calculating the index.

“The Free Money Index continues to recover after the seasonal decline in March. At the same time, compared to last year, when the quarantine restrictions have significantly limited Russians’ spending, the index is still at a low level,” the holding’s website says. executive director of “Romir” and Mile Group Inna Karaeva.

On June 17, according to a survey, Otkritie Bank reported that more than a third of Russians are saving on an ongoing basis. Online recruiting platforms and fintech company Money Forward found that up to half of Russians save less than 10% of their income for a rainy day, and every fourth makes no savings at all.

About the savings of Russians – in the material “Kommersant” “Savings do not like the account.”

Leave a Reply

Your email address will not be published.