Poll: Lithuanians spend irrationally

  • 2004-10-13
  • From wire reports
VILNIUS - A recent survey has shown that nearly half of Lithuanians run out of cash during the days leading up to their next paycheck and even borrow from relatives and friends to make up for the shortfall.

The poll, conducted Sept. 25 - 30 among over 1,000 Lithuanians aged 18 - 65, also showed that a total of 47.2 percent of the population is short of money several days before receiving their wages, while about 27.3 percent run out of money after vacation or major holidays, and 8.9 percent face cash shortage after spontaneous purchases.

About 6.8 percent of Lithuanians run out of money after their car or a household appliance breaks down, while another 3.6 percent cited other reasons.

The poll, which was carried out by the Spinter Tyrimai market researcher, showed that Lithuanians tend to borrow money from family members (46.3 percent of respondents) in such cases, while 32.9 percent borrow from friends or acquaintances.

Some 6.7 percent dip into their savings, and only 1.9 percent turn to a bank.
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