The percentage of Russians who believe in investing and earning money on the financial market in order to increase their wealth rose significantly in 2021. A survey by Sber Asset Management shows that just under 40% are now of this opinion. This figure was 26.6% in 2019 and 29.5% in 2020.
Russians still consider the main ways to increase their income to be the following: working better and more (67.7%) and getting an education (56.7%). More and more Russians are investing in the stock market, essentially equating the ability to increase your income through your own business (44.8%) to investing in the stock market (38.6%). The four aforementioned methods are the most widespread, according to the survey.
Most people who think that it is necessary to learn how to invest on the financial market and in securities to reach a high standard of living are between 18 and 30 years of age and have a higher education. Among the 18-30-year-olds surveyed, 57.9% think it is important to use financial instruments as an additional source of income, with 47.9% of 30-40-year-olds and 44% of 40-50-year-olds agreeing. These figures are split almost equally between men and women (40.6% and 36.5%, respectively).
Most respondents who are of the opinion that investment instruments can be used to increase your income level are university graduates or people with postgraduate degrees (56.2%). This figure is also high for respondents who have completed a secondary vocational education (46.5%). The proportion of people who have not completed higher education and consider the stock market an integral part of a high income is significantly lower (34.4%).
Igor Mamontov, vice president, director of Investments and Savings, Sberbank:
"A lot of Russians - from 24% to 64%, depending on where they live - understand that saving up and investing in securities are important for their family's well-being. In other words, the 'we'll see tomorrow' philosophy is in the past. This data does not necessarily mean that half of the country is also investing, as there is always a gap between the desire to do something and actually doing it. People need to research the issue thoroughly in order to make an informed decision. We believe that our task is to make investment instruments accessible to everyone. That is why you can use your smartphone to invest, just as easily as opening an account or calling a taxi. Considering the experience of the last few years and the data from numerous studies, I can confidently say that more and more Russians will be joining the stock market."
In terms of geographical differences, Moscow, St. Petersburg, Krasnodar, Krasnoyarsk, and Rostov-on-Don have the most people who believe that it is necessary to learn how to make money on the financial market and invest in securities.
City | Persons who believe that learning how to make money on the financial market, invest in securities, and invest on the financial market is necessary to improve their standard of living. |
Moscow | 64% |
St. Petersburg | 63% |
Krasnodar | 53% |
Krasnoyarsk | 52% |
Rostov-on-Don | 51% |
Voronezh | 48% |
Ryazan | 48% |
Nizhny Novgorod | 46% |
Penza | 43% |
Samara | 42% |
Volgograd | 41% |
Saratov | 41% |
Tolyatti | 41% |
Irkutsk | 40% |
Ufa | 40% |
Yaroslavl | 40% |
Kirov | 39% |
Lipetsk | 38% |
Naberezhnye Chelny | 38% |
Kazan | 37% |
Vladivostok | 36% |
Kemerovo | 36% |
Novokuznetsk | 34% |
Tyumen | 34% |
Khabarovsk | 34% |
Orenburg | 33% |
Chelyabinsk | 33% |
Ulyanovsk | 32% |
Astrakhan | 31% |
Barnaul | 30% |
Yekaterinburg | 29% |
Makhachkala | 28% |
Omsk | 28% |
Perm | 28% |
Novosibirsk | 27% |
Izhevsk | 26% |
Tomsk | 24% |
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Sberbank of Russia published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 14:20:01 UTC.