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

Bulgaria expects to enter the Schengen area by land soon

There has been no change in the security environment since Bulgaria's accession to the Schengen area on March 31, caretaker Minister of Interior Atanas Ilkov said during a working meeting with the ambassadors of the EU member states, organized by..

published on 10/3/24 8:46 AM

Bulgaria and Spain discuss their cooperation in Antarctica

A seminar titled ''Science in Antarctica - Bulgaria and Spain in Antarctica'' will be held today at the Egg Hall of the Sofia University "St. Kliment Ohridski". The Bulgarian Antarctic Institute said that the seminar aims to present the origins,..

published on 10/3/24 7:05 AM

Daytime temperatures on the rise, no precipitation on Thursday

On Thursday , the minimum temperatures will be between 5 and 10°C, in Sofia 6°C.   The day's highs will be from 23°C to 28°C , in the capital it will be 25°C.   During the day it will be sunny with scattered high clouds. It will become..

published on 10/2/24 7:35 PM