"A reserve of money always provides a feeling of financial security, ensures a possibility to cover unexpected expenses in the changing economic situation. The fact that people have started saving up for security is a good sign and shows that people are planning their expenses more carefully and are forming financial security for their future," said Swedbank investment management head Elmars Priksans.
Jakubovska said that men more often than women are saving up for the first installment of a real estate property or a car, for hard times, health, holidays and important events in life. Meanwhile, women more often accumulate savings for housing repairs, furnishing, trips and future of children.
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