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

MP Rosen Zhelyazkov, GERB

GERB-SDS submit request for interpretation of provisions of the Constitution

MPs from GERB-SDS have submitted a request to the Constitutional Court for interpretation of provisions of the country's basic law, BTA reported. The MPs want clarity whether when the mandate of the members of the Supreme Judicial..

published on 11/28/24 11:34 AM

Price of natural gas in Bulgaria rises by 11%

The increase in the price of natural gas in December is nearly 11 percent, which means up to nearly 39 euros per megawatt-hour, excluding taxes. This was what representatives of Bulgargaz said during the public discussion of..

published on 11/28/24 11:20 AM

Supreme Administrative Court has once again failed to elect chair

There are no candidates for the position of chair of the Supreme Administrative Court (SAC) , BTA has reported. The plenum of the Supreme Judicial Council held a meeting in an attempt to elect head of the institution. The procedure..

published on 11/28/24 10:21 AM