Not only adults can create a financial “safety cushion”, but also the younger generation. And that’s not all — it turned out that “summery” save money more often than “Millennials”. This is the conclusion of the study companies “Sberbank Asset Management” and “Sberbank life insurance” submitted to the editorial Board Вести.RU.
Generation Z (sumary) is young people aged 18-23 years, generation Y (Millennials) is limited to the age of 24-40 years. Both generations prefer to create savings as often as possible and small amounts.
About 52 percent of generation Y representatives are trying to replenish savings every month, 47 per cent a few times a year. 66 percent of generation Z monthly saving, and the rest — several times a year. Most of the Millennials and buzzer, replenish savings, he lives in Moscow, Saint-Petersburg and Tyumen.
35 percent of “Millennials” lay in the support of children and 25 per cent on travel. “Sumary” are different: most of them (44 per cent) saving up for my apartment, contingencies (20 percent), leisure and travel (17 percent).
“Buzzers” more hoarding of cash (58 per cent). The rest lay on ruble deposits and 10 percent of the “buzzer” and 39 percent of “Millennials”. Those and other identical interest in the investment in securities — at 9 and 10 percent.
“Sumary”, if possible, prefer to invest in the stock market for 2.5 years, and not only to store cash. “Millennials” in this case are willing to invest for a shorter period — 1.5 years. Investing online selects the same share of those and others at 11 percent.
“Millennials” tend to choose software savings: every fifth prefers the automatic deduction of savings from the salary account. “Sumary” choose this option less (12 percent), because many of them are still studying, you do not have a permanent job and a salary card.
In General, the Russians have less to do and more to save during a pandemic, found earlier analysts. According to the CBR, the accounts of the Russians had accumulated about 32 trillion rubles on may 1, 2020.
Russians have less to borrow money to paycheck. The proportion of avoidant microloans (up to 30 thousand rubles) increased in June over the year by 5 percentage points to 23% from 18% in June last year. In General, residents of large Russian cities missing from six months to three years to create a financial “safety cushion”, which was calculated by Raiffeisenbank.