IMAS International study: Ukrainian women more economical than men

Kyiv, October 25 (Interfax-Ukraine) – Ukrainian women are more economical than men, according to a study of the culture of saving, which was conducted by IMAS International with the support of Erste Group.

Managing Director of IMAS International Angar Lochner presented the results of the study at a press conference at the Interfax-Ukraine news agency on Tuesday.

He said that 48% of Ukrainian women and only 37% of men considered saving to be very important.

Some 67% of respondents save less than UAH 550 per month, and only 6% can replenish their savings by more than UAH 1,100 per month. Ukrainian citizens can on average save UAH 460 per month, which is UAH 48 less than according to the results of a survey conducted in 2010.

Among the concerns that prevent Ukrainians from saving more funds or even starting to save money are the possible devaluation of the hryvnia and high inflation.

Ukrainians prefer keeping funds in cash (50% of respondents). At the same time, Ukrainians are beginning to use bank products more often, with 32% saving funds on card accounts, 15% using deposit accounts, and only 8% saving money on current accounts.

Lochner noted that about 81% of Ukrainians had a neutral or negative attitude to investment in funds, stocks and bonds. The greatest interest in possible investments is observed among the younger generation, with about 74% of Ukrainians aged 15-29 having either a positive or neutral attitude to investments.