Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarians save up but do not keep their money in banks: OECD report

Photo: Radio Vidin

77.6% of Bulgarians say they are saving up, 62% keep their money at home and do not trust banks.

12.3% of Bulgarians are financially literate, indicates a report by the Organisation for Economic Cooperation and Development on “Financial Literacy of Adults in South East Europe”. Bulgaria is the country with the highest percentage of young people with financial knowledge higher than that of adults. The survey in Bulgaria, Croatia, North Macedonia, Moldova, Montenegro and Romania shows a low level of confidence in pensioning systems – 25%. In Bulgaria, 39% of respondents say they do not trust the pensioning system. One-third of adults are satisfied with their financial position, 41% are not. A little under 60% say they are finding it difficult to pay their day-to-day expenses, and that money controls their lives. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Half of young people fear financial problems, 25% are afraid of failing at work

Half of young people in Bulgaria with a monthly income of more than EUR 1 000 are afraid of financial problems , according to a representative survey by Trend. The "Young People in Bulgaria - Mental Risks, Challenges and Perspectives" survey was..

published on 10/1/24 1:27 PM
Caretaker Premier Dimitar Glavchev

The second group of Bulgarians is ready for evacuation from Lebanon

''The second evacuation flight from Lebanon will be carried out today around noon, provided the circumstances are favorable'', caretaker Premier Dimitar Glavchev said before inaugurating the reconstructed border checkpoint “Kalotina”. The flight crew..

published on 10/1/24 12:30 PM

Bulgaria and the US discuss holding the next session of the strategic dialogue by the end of the year

Bulgaria’s caretaker Minister of Foreign Affairs Ivan Kondov met in the United States with John Bass, Acting Under Secretary of State for Political Affairs. The two countries agreed that the next session of the strategic dialogue between Bulgaria and..

published on 10/1/24 12:11 PM