The residents of Latvia still believe that the safest way to save money is cash, and only one in seven entrust their money to banks for this purpose. This conclusion follows from the survey conducted by the research agency Norstat.
Although the majority of workers receive their wages in a bank account, only 14% of all respondents consider the bank to be an appropriate place for saving money. Recipients of the lowest wages have the most negative attitude towards financial institutions. Among the minimum wage recipients, less than 1/10 of respondents trust banks; whereas am...
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