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

Orange code for dangerous rainfall issued for 7 central Bulgarian districts

An orange code warning for dangerous precipitation has been issued for seven districts in Central Bulgaria. From midnight on Wednesday, precipitation and the risk of hail will move from the west to central and south-western Bulgaria. After noon, the..

published on 7/2/24 7:05 PM

Bulgarian Posts to receive €25m state aid approved by the EC

BGN 50 million (€25.51 million) will be granted to Bulgarian Posts postal operator, after the European Commission approved, under EU state aid rules, Bulgaria's plans to grant state aid to the company in order to restore its viability.  Bulgarian..

published on 7/2/24 4:50 PM
Korman Ismailov

Fear grips DPS, Korman Ismailov, former head of the youth organisation says

"Fear is shaking DPS. I'm talking about the apparatus," Korman Ismailov, former head of the youth organisation of the Movement for Rights and Freedoms (DPS), told BNR. According to him, the party, which came second in June's parliamentary elections,..

published on 7/2/24 4:16 PM