Most households increase real incomes in 2022–2024: Bank of Russia’s survey
According to the results of Wave 6 of the All-Russian Survey of Consumer Finance undertaken by the Bank of Russia last year, 65% of Russian households reported growth in real incomes over
Concurrently, the survey recorded increases in expenses and the number of households having savings. Middle-income respondents reported the most notable rise in financial assets.
The number of households having debts did not change significantly. However, the average debt was up in 2024 vs 2022, including because of a higher percentage of respondents with large loans. Mortgages were more frequently raised by households whose incomes significantly improved in 2024.
For details, refer to the materials on the survey.