The BERENT institute in Vilnius has on behalf of the Lithuanian Central Bank conducted a national representative study about the Lithuanian households’ financial behaviour. The interviews were conducted during September 2014, in total 1.002 households were interviewed.
The purpose of the study was to throw light on saving and borrowing habits, to determine how households assess their current financial situation and future perspectives.
The study shows that a number of Lithuania households have indeed been able to increase their saving. According to the study: 77% of households claimed to be able to save.
“Although the most households are able to save, the biggest worry are those households that use fast credit services. Those households are not able to save anything and the financial obligations they have are hard for them to handle” – comments Darius Kulikauskas, the manager of macro prudential analysis division of the Lithuanian Central Bank.
Full report is available on Lithuanian Central Bank’s homepage (in Lithuanian):
Source: Lithuanian Central Bank.