In 2020, Serbia’s citizens saved RSD5,210 a month on average, and 25% of citizens saved less than RSD2,000, an Erste Group study conducted by IMAS International shows.
The study on savings in Serbia in 2020 shows that 47% of citizens feel that their financial situation in the past two to three years hasn’t changed, while 25% of respondents said it was worse.
According to the study, 36% of Serbia’s citizens believe that saving money is important, while 15% of the total number of respondents are users of life insurance. 44% of those polled said they did not save money at all.
The results of the study show that 35% of citizens are unhappy with how much they can save, while 28% saved or invested 28% less than in the past two or three years.
Of the number of those who saved less, 35% said that the reason for that was that they had less income and money at their disposal, while other reasons were the heightened living costs and the effects of the coronavirus pandemic.
75% of respondents said that saving money in case of unexpected expenses was their motive for saving up, while 18% said that their motive for saving up were pensions and elderly care, Erste Group’s study on the opinions, behavior, motives and strategies of people with regard to savings and investment., shows.
According to the study, 26 percent of respondents said that they had insufficient knowledge of financial themes and bank products, while 55 percent trust banks the most in terms of managing their finances. As for online purchases, a large number of citizens said they had used the Internet to purchase things, mostly apparel, trips, books and electronic products.