Sberbank said when the Russians start to put savings

© RIA Novosti / Ilya Petliurite in photobacteria rubles. Archival photoSberbank said when the Russians start to put savings© RIA Novosti / Ilya Petliurite the image Bank

The Russians by the time of retirement have, on average, contributions only on 150 thousand rubles, largely due to the late start of the formation of savings — the majority of citizens begin to save money in the age of 55 years, the researches of the savings Bank on the basis of statistics data of its payroll clients.

«After 50 years, the Russians are gradually moving to savings behaviors, and the structure of demand for banking products is changed accordingly. So, citizens over 55 open several current accounts (average of 1.35 per person), partly, probably, diversifying currency risks. Every third of them has a Deposit, whereas in the ages to 55 years — only one in ten» — analysts of the largest Russian Bank.

Because of this, they point out, the average payroll clients of Sberbank at the time of retirement an independent savings account for a little more than 150 thousand rubles. To avoid distortion of the averages, the authors of the study were excluded from the calculation of large deposits — over $ 100 million.

According to the Bank, actively make banking transactions in the order of 70% of the population older than 20 and younger than 69 years, and the activity even slightly increases during the first «retirement» years.

«Debit cards and own 80% of pensioners against 106% in other ages. The credit card penetration among individuals older than 55 years is 13%, and customers to 55 years – 23%. Given the fact that we are talking about active users and a sample of 88 million people, this means a very wide coverage of older groups of the population», — analysts of the savings Bank, adding that mobile banking is at 63% of pensioners, while the traditional online banking to use 45% of them.

The study also showed that the consumption patterns of pensioners remains familiar to 68 years. «So, travel enthusiasts up to 68 years continue to visit new places as actively as in 55 years. The share of spending on hotels is in the range of 80-90% of the level in 55 years, the proportion of expenditure on travel and car trips — 90-95%. In the future, spending on travel is monotonically decreasing, giving place to the cost of medicine,» experts say.