Lithuanians getting more optimistic – SEB

VILNIUS – Lithuanians are getting more optimistic about their financial future, the latest survey by SEB bank shows.

"Residents' growing expectations regarding their future are driven by the country's economic situation and the situation in the labor market. (…) Improving expectations is good news as residents expecting their income to grow make bolder financial decisions, thus, increasing the consumption level in the country," Vaidas Zagunis, head of retail banking at SEB, was quoted as saying in a statement.

38 percent of residents expect growth in the income over the next 12 months, compared to 36 percent a year ago and 34 percents two years ago.

Men are more optimistic about income growth, with 40 percent expecting it, compared to 35 percent of women, 58 percent of 18-29 year-olds and residents of Kaunas and Vilnius Counties (43 and 42 percent respectively).

42 percent said they did not expect a rise in their income, and 20 percent were undecided.

The online survey was carried out by Norstat in April-May.