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futureofromania

Study of the Day: Why Romanians do not save money

Summary of Romanian Savings and Investment Habits

Findings:

  • Lack of money is the biggest barrier for Romanians to save.

  • 75% of non-savers cite insufficient income, with women and older demographics (55+) most affected.

  • Despite financial difficulties, 56% of respondents already save or invest, highlighting an awareness of future needs.

Key Takeaway:

  • There's a desire to save and invest, but financial constraints hold Romanians back.

Trend:

  • Growing interest in investment platforms offering a variety of financial instruments.

  • 36% find such platforms appealing, with 11% interested and 7% already using them.

Conclusions:

  • Financial literacy is crucial.

  • Respondents seek information (15%) and are open to using platforms (37%, mostly women).

Implications for Brands:

  • Opportunity to address the savings gap through financial education initiatives.

  • Develop user-friendly investment platforms with educational resources.

  • Target women and older demographics with informative campaigns about saving and investing.

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