Coronavirus crisis catches Russians in straits

Many Russians have been forced to survive the lockdown without any savings – more than 40% of the country’s population found themselves in such dire straits, analysts at the NAFI analytical center reported.

Only a third of Russians had any savings, but even those amounts proved too scarce to last them through the entire period of self-isolation. Another 26% of Russians said they had saved enough money to survive the lockdown.

On the other hand, 46% said they had financial difficulties.

Furthermore, 42% of respondents said they could have lived a month without borrowing even if they had lost their main source of income. Another 26% could have held out for less than three months. On average, Russians had enough savings for 63 days, RBC writes.

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