Number of Russians Who Can’t Afford Entertainment Up 8%

30 October 2018 (09:24)

UrBC, Moscow, October 30, 2018. The share of Russians who cannot afford to buy as many clothes as they would like, travel as much as they would like, or spend as much money on entertainment as they would like rose from 17% in 2014 to 25% in 2018, Romir Holding’s press service refers to the company’s own research findings as indicating.

Only 16% of survey respondents in the 60+ age group admitted giving up on new clothes and travel was their way of dealing with rising prices, compared with 33% of respondents in the under-24 age group. Overall, about 29% of respondents with medium-sized incomes stop shopping for clothes and spending on entertainment when prices go up.

At the same time, the share of those surveyed who said most of their income went to food and other necessities dropped by 7% in the last four years, from 32% down to 25%. The percentage of respondents who had to stop buying certain food items that had grown too expensive for them also decreased to 15%.

Respondents in the 18-24 and 25-34 age groups have to resort to spending money on food and indispensable items only in 12% and 18% of cases, respectively, compared with 41% of respondents in the 60+ age group. Overall, 36% of respondents with lower incomes, 19% of respondents with medium-sized incomes, and only 13% of respondents with higher incomes need to cut their spending in this way.

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