Analytics, Financial Services, Lithuania, Society

International Internet Magazine. Baltic States news & analytics Thursday, 18.04.2024, 12:27

45% Lithuanians would find it hard to cover unexpected expenses of EUR 300

BC, Vilnius, 27.05.2015.Print version
Although more than half of Lithuania's residents believe their knowledge of personal finance planning is "good" and a third thinks that it is at least "mediocre", as many as 45% of those surveyed would have difficulties to pay for unexpected expenses seeking up to EUR 300, informs LETA/ELTA.

In such case, they would first of all ask for money from their family members and friends, or apply a bank or a consumer credit company.

 

These were the results of a representative survey, ordered by the company 4finance and conducted by OpenAgency and Norstat LT.

 

Expenses of a size of a minimum monthly wage would become a serious challenge to many residents of Lithuania. People younger than 50 years of age and unmarried people receiving a minimum monthly wage most of all envisage financial threats.

 

80% would borrow from their families, half of them – from friends. A fifth of those surveyed would ask for a bank loan, while a sixth of them would take out an online credit. Other options, such as selling or pawning one's valuables or asking for a loan at one's job, were not so popular.





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