69.2% of Kazakhstanis do not have personal savings, and 79% failed to save money in April 2024, according to a survey by the National Bank of Kazakhstan. Additionally, more than half of respondents reported no change in their financial status over the last month, while a third noted a deterioration. The survey, which interviewed 1,500 adults across various cities and regional centres, provides insight into the country's financial landscape.
Approximately 35.4% of Kazakhstanis believe their financial status will improve within a year. Two-thirds rely solely on their salary as their income source, with one-third living on public relief, stipends, and pensions.
Only a quarter of respondents have personal savings, with 66.6% depositing their money in banks. About 20.1% are investing in real estate. Two-quarters of Kazakhstanis keep their savings in tenge, while a third prefer USD. About half of the respondents were unsure of what savings meant to them.
A third of Kazakhstanis have no credit, while 29.5% have consumer loans and 18% have debt related to purchases in instalments. A small percentage have car loans (6.4%) and mortgages (6.9%). A third spend more than KZT 100,000 ($227) monthly on loan payments.
A quarter of Kazakhstanis expect the next twelve months to be neutral for the country's economy, while 20.5% are optimistic. About half are neutral about the current timing for major purchases, and two-thirds have not made any major purchases in the last three months. A third believe the next five years will be neutral for the economy.
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