Young people aged 25 to 34 (20%) are considering long-term savings programs. These findings were obtained during a survey of 1,500 individuals conducted by hh.ru for the “Russian Gazette.” The data is cited in the Telegram channel of the Ministry of Finance.
Overall, 16% of Russians are willing to use the program. Among supporters of long-term savings, more men (18%) than women (14%) are interested, and the program is most appealing to people earning between 80,000 and 150,000 rubles per month (19%). Currently, 430,000 individuals have signed contracts for the long-term savings program.
It is noted that 40% of respondents keep their savings in a bank account, 12% keep it “under the mattress,” and 4% in non-state pension funds.
As explained by the ministry, the program allows individuals to save money for the long term and earn additional income in the future. The program includes co-financing from the state of up to 36,000 rubles over three years. A tax deduction of up to 52,000 rubles annually is provided for contributions of up to 400,000 rubles to the program. Deposited funds up to 2.8 million rubles will be guaranteed by the state similar to bank deposits. Non-state pension funds will manage the funds (independently or through management companies), and the Central Bank will oversee the investment of funds and the financial stability of the non-state pension funds.