Maxim Maramygin, Director of the USUE Institute of Finance and Law, about the expenses of Russians

Echo of Moscow, 10.07.17.

The Russians ceased to save money and began to spend. In 2015, almost half of the country's residents tried to set some money apart and then spend the rest, and this year the same number of Russians spend all their money on current needs and do not save anything. This is the data of the National Agency for Financial Research. Experts believe that against the backdrop of economic stabilization, people no longer postpone purchases that they planned earlier. “This is really related to the deferred demand,” Maxim Maramigin, Doctor of Economics, says.

As the Central Bank notes, on the horizon of 2017, there will be a gradual transition from a savings model of population's behavior towards a consumer one. Herewith, the regulator considers the risk of possible acceleration of the transition, because it can boost inflation. People's incentives for savings are falling against the falling rates on deposits, which decrease synchronously with the key rate, Izvestia writes.

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The Russians ceased to save money and began to spend. In 2015, almost half of the country's residents tried to set some money apart and then spend the rest, and this year the same number of Russians spend all their money on current needs and do not save anything. Echo of Moscow, 10.07.17.